Good Faith Estimate Template Excel Format In Texas

State:
Multi-State
Control #:
US-00035DR
Format:
PDF
Instant download

Description

The Good Faith Estimate (GFE) template in Excel format for Texas provides a structured way for borrowers to understand their loan terms and settlement charges. This form estimates costs associated with a mortgage loan and serves as a valuable comparison tool for evaluating multiple loan offers. Key features include sections for the originator's contact information, borrower details, interest rates, loan amounts, and a summary of settlement charges. Users can fill and edit the template easily, allowing for personalized details and calculations. Specific use cases for attorneys, partners, owners, associates, paralegals, and legal assistants include preparing documents for loan closings, helping clients compare loan options, and ensuring compliance with state regulations. Filling out this GFE accurately is crucial for helping clients make informed financial decisions and streamline the mortgage process.
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FAQ

A good faith estimate should include expected charges for the scheduled health care items and services, including facilities fees, hospital fees, and room and board provided by the provider or facility. Good faith estimates only list expected charges for a single provider or facility.

A good faith estimate isn't a bill Generally, the good faith estimate must include expected charges for: The primary item or service • Any other items or services you're reasonably expected to get as part of the primary item or service for that period of care.

Providers and facilities must also explain the good faith estimate to you over the phone or in person if you ask, then follow up with a written (paper or electronic) estimate, per your preferred form of communication. Keep the estimate in a safe place so you can compare it to any bills you get later.

The Good Faith Estimate (GFE) and the HUD-1 Settlement Statement are the primary disclosure documents lenders provide to mortgage applicants. As its name implies, the GFE lists the lender or mortgage broker's best estimate, in "good faith," of closing costs.

Implied covenant of good faith and fair dealing (often simplified to good faith) is a rule used by most courts in the United States that requires every party in a contract to implement the agreement as intended, not using means to undercut the purpose of the transaction.

A good faith estimate should include expected charges for the scheduled health care items and services, including facilities fees, hospital fees, and room and board provided by the provider or facility. Good faith estimates only list expected charges for a single provider or facility.

Good faith estimates only list expected charges for a single provider or facility. You may get an estimate from both your provider and facility, or from multiple providers. The estimate must: Include an itemized list with specific details and expected charges for items and services related to your care.

The good faith estimate must include a number of disclaimers. For example, it must state that the estimate is based on information known at the time it was created. Therefore, it won't include any costs for unanticipated items or services that are not reasonably expected and that could occur due to unforeseen events.

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Good Faith Estimate Template Excel Format In Texas