Getting a good faith estimate (GFE)
The lender or mortgage broker has to give you a good faith estimate (GFE) within three business days of receiving your application. The GFE explains the terms of your mortgage loan, including estimated costs, and can help you compare mortgage loans and lenders. A GFE isn't binding; you can go with another broker or the lender can still deny you the loan. The GFE also contains the points and origination fees a lender charges to make the loan.