A4HB Homebuyer's Blog

2.5.2 Lender Documents

Lender Documents There are several forms that you’ll use in working with lenders, and these are highly standardized. Early in the process, you’ll run into the Loan Application form and the lender’s Good Faith Estimate.  These are both lender documents.  The application form requires little explanation. The good faith estimate is the lender’s attempt to give you a reasonable estimate of all the costs involved in purchasing a property. To determine whether the sales price is reasonable, the lender will hire an appraiser.  The appraiser will do an evaluation of the value of the property, called an Appraisal.  The appraisal

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