What Is A Good Faith Estimate?

In her new book, Carolyn Warren outlines the mortgage process in ten easy steps.

Step number one is getting the Good Faith Estimate (GFE). That will show your loan amount, interest rate, monthly payment, fees and costs, and other necessary information.

You should never pay for a GFE.

You will want a current GFE, so only get one when you are ready to buy a home.

The next step will be to get preapproved for financing. Then you make an offer on a home. Finalize the deal. Lock in an interest rate and the other details. Get a home inspection. And you’re almost done.

I’ve listed the best blogs on mortgages and on refinance as well as the best books on refinance and on mortgages.

My favorite author on these topics is Carolyn Warren. She’s whip-smart and a good writer.

She has two main books on mortgages:

*Mortgage Ripoffs and Money Savers: An Industry Insider Explains How to Save Thousands on Your Mortgage or Re-Finance by Carolyn Warren (Paperback – May 4, 2007)

My favorite way of judging a book I have not read is by looking at its Amazon reviews. Carolyn’s reviews are overwhelmingly five stars. She has the best selling book on mortgages on amazon.

* Homebuyers Beware: Who’s Ripping You Off Now?–What You Must Know About the New Rules of Mortgage and Credit by Carolyn Warren (Oct 25, 2009)

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (Alexander90210.com), he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Alexander90210.com. Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
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