Can’t see the embedded video? Watch our Good Faith Estimate video here.
Hi, I’m Kelly LaVaute from Quicken Loans and I’m here to tell you about the good faith estimate. Your good faith estimate is the written estimate of all the settlement costs you will likely have to pay at closing. These settlement costs in your good faith estimate cover every expense associated with your loan including: inspections, title insurance, taxes and more. Additional costs may apply depending on your state, the loan you choose and the amount of your down payment. If you’re shopping for a lender, use the good faith estimate to compare costs, apples to apples.
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