Atlanta Mortgage Georgia Good Faith
Get a Customized Good Faith Estimate (G.F.E)
About the G.F.E.
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Comparing G.F.E's
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About the G.F.E.
Just as everybody has the disclaimer, usually in small print hidden somewhere, I think I'll
address it upfront: The market is constantly changing and the rates are subject to change.
That said, now I'll go further.
All Good Faith Estimates when generated are based on the current market rates and information provided by you.
If you want to lock in right then and there it's no problem assuming the information
provided by you is true, accurate, and qualifies.
However, it's your choice as to when and if you want to lock. There is no pressure from us, this is not a car
dealership type of experience where they want you to act on impulse. We want you to be well informed and we want
to help you by the information on this site as well as answering any questions you might have.
We understand the need to "think about it" and to "look around" (that's why we've included some tips further down).
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Comparing G.F.E.'s
First and foremost, we believe the only way to do something is the right way. We will quote you the
lowest rate and fees the first time with our guarantee and will be based on
that day's rates.
Second, WE DO NOT WANT TO KNOW the competitions offer! The right way to shop is to give everyone
the same program information (i.e. 30 year fixed refinance on $xxx,xxx and keeping open an equity line
of $xx,xxx), but keep all information you gather to yourself and not share with any other company.
Someone that is going to treat you right will give you their best the first time.
We are confident that if you compare us "apples to apples" with anyone else, you will find us to be the lowest and the most straightforward.
Location should make no difference, with email, fax, & FedEx we're accessible from anywhere and closing will be
in a location convenient to you.
Since nobody can lock in yesterday's rates and everybody must use the current rates
(which are published each day and can be revised during the day), the best way to get a true
comparison is to get all G.F.E.'s the same day! That which was not possible yesterday might be possible today,
or it could be the same, or it could be worse (If I had a crystal ball I'd be sipping mai tai's in Maui).
BEWARE any G.F.E. with blanks in the dollar amount field
of the fee section! Also beware any that have POC or P.O.C. (Paid Outside of Closing) on any line
other than the appraisal fee line.
Make sure the A.P.R. is disclosed with the G.F.E.!
Appraisals are done by a third party and is always paid outside of closing. You have the option of choosing your own appraiser.
Attorneys - You have the right to choose your own attorney (unless you sign otherwise in a sales contract).
If the estimates seem too good to be true, ask for the phone number of who they're recommending to verify their fees.
Intangible Taxes are a government set fee based on the loan amount. Make sure that it has been disclosed to you.
IGNORE the prepaids section when comparing! Only the closing attorney can get the exact amount
required once the loan is approved and a closing day is set. There are no regulations on quoting prepaid items
and most brokers will either leave it blank or "low ball" the estimates. Bottom line is: days of prepaid
interest are based on the day of closing, Homeowner's insurance is whatever policy you choose with
whichever agent you choose, and Taxes are based on what your county decides the property is worth.
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