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 A
Good Faith Estimate is a lender's proposal as to what your closing
costs and loan fees will be associated with your real estate financing
request.
A lender is required by the federal Real Estate Settlement
Procedures Act (RESPA) to provide
a prospective home buyer with a good
faith estimate of the fees due at closing within three days of
applying for a loan. These mortgage fees, also called settlement
costs, cover every expense associated with your home loan:
inspections, title insurance, taxes and other charges.
An accurate Good Faith Estimate is essential for
a prospective home buyer to make a
informed decision about the exact settlement
costs.
Good Faith Estimate Software
automates preparation and printing of the Good Faith Estimate.
The program displays the entire
form on the screen in a scrollable format.
Information is
entered from your keyboard as it would be typed on the form
itself. All calculations are updated instantly as the data
is entered. We do the math! You can override any calculated result to
produce the final output you need.
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California has a
special, two-page form
called the California Home and Mortgage Loan Disclosure Statement.
This software is just $39.95 and can be ordered by phone at
800-350-8262. We can e-mail a demo version of the California
Mortgage Loan Disclosure Statement upon request. |
The Good Faith Estimate
prints the complete form on
letter (8 ½ x 11 inch) or legal (8 ½ x 14 inch) size paper with
any Windows supported printer. Print preview is built-in.
Data entered may be stored/saved anywhere on your hard
drive, to a shared network drive, or to external diskettes as a .GFE
file for quick retrieval.
Additional features include:
- Sure-store client management
system.
- Easily transport data from one
computer to another or across a network.
- Simple tax
prorate software
built-in.
- Amortization software
built-in.
- Override
text on the form itself or set text as default.
- Option to create
PDF files
which can be transmitted electronically or eFax.
The software has a lot of other
great features. We also offer:
- FREE
Technical support within first year from purchase date!
- FREE
Updates within the first year from purchase date!
You can download the software from this
website, or we can e-mail you the software. When you order, we
mail out a CD with the software along
with other titles.
 All of our software functions on
any Windows operating system. The software has been tested on
Windows 95, 98, 2000, NT, ME (millennium edition), XP, 2003
and Windows Vista. The
software functions on networks or stand-alone personal computers
and is compatible with all printers.
RELATED LINKS
E ach
line of a Good Faith Estimate is discussed here:
Additional loan origination resources are located
here. Learn more about the Good
Faith Estimate, the timing and length of a closing and what you
sign at closing.
30-Day Unconditional Money-Back Guarantee!
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