Good Faith Estimate (GFE)

If you Apply for a Reverse Mortgage, we will provide you a Good Faith Estimate (GFE) per the Law that lists the basic information about the terms of the Loan Offer. The Good Faith Estimate helps you to compare offers, understand the real cost of the loan and enables you to make an informed decision about choosing a loan. For Loans other than a Reverse Mortgage, the Good Faith Estimate was replaced by a Loan Estimate (LE) effective October 3rd, 2015.

We will provide you a Good Faith Estimate (GFE) within three business days of receiving your application or related required documents. We will charge you only for a credit report fee before receiving a Good Faith Estimate (GFE). After receiving the Good Faith Estimate (GFE), if you decide to proceed with the loan, any other applicable loan processing fees will be charged.

Click to View a Sample Good Faith Estimate (GFE)

About the Author: Ahsan Bashir is an experienced Tax Consultant based in Irving, Texas, with over 25 years of expertise spanning Taxation, Accounting, Business Lending and Mortgage, Risk Management, Business Insurance, and Business Consulting. Through his firm, Z-Tax & Accounting, he provides comprehensive financial services including Individual and Business Tax Preparation, Bookkeeping, Payroll Processing, and Business Consulting. As an Enrolled Agent authorized to practice before the Internal Revenue Service (IRS), and an IRS Certifying Acceptance Agent (CAA), Ahsan Bashir delivers trusted, professional solutions tailored to the unique needs of both individuals and businesses.

NMLS: 1965714, NPN: 7702637, PTIN: P01280330, TX Online SOS Notary ID: 126282896

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