Friday, September 27, 2013

Trust Good Faith Estimates When Making South Carolina Home Loans

"Good Faith Estimates are documents that your lender will give you when you apply for a South Carolina home loan. Also known as GFE’s, these documents are specific to the property for which you are looking to purchase, and show an estimate of every single fee associated with said home. The intention is to give you an idea as to what kind of financial commitments will be required of you. By law, GFE’s must be given to you within three business days of applying for your South Carolina home loans. Once the GFE has been issued and given to you, your lender can’t make any additional changes to the fees on the document. "

http://south-carolina.churchillmortgage.com/industry-news/trust-good-faith-estimates-when-making-south-carolina-home-loans/

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