Welcome to www.GFEforDummies.com

The purpose of this site is to provide consumers information regarding the New Good Faith Estimate that is scheduled to be in use January 1, 2010.  HUD's desire to assist borrowers in shopping starts with a new three page GFE that will be identical regardless of the lender that gives you a Good Faith Estimate.  On the New GFE, Lenders will also have to present all potential charges into one of eleven categories.   In principle this is good, because looking at only eleven numbers is much easier than looking a dozens of individual and oddly named charges that is being done on the current Good Faith Estimate.  The only problem with the new Good Faith Estimate is that it does not prevent a lender from intentionally (or human error) under quoting fees on their estimate.  The purpose of this site and the information presented is to assist consumers in there review of competing Good Faith Estimates.

I do welcome any comments and suggestions for improvement of the information presented here.  With that said, I would suggest that you review the information presented on each page of this site,   Please start with the General Introduction to the Good Faith Estimate, then proceed to a review of the detail on Second Page of the Good Faith Estimate, Lastly you will want to review the information about comparison shopping and the Trade Off table that is located on the Third page of the Good Faith Estimate. 

I wish you success in your Purchase

Proceed to General Introduction to the
NEW GOOD FAITH ESTIMATE