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The listings that appear on this page are from companies from which this website and the data provider may receive compensation, which may impact how, where and in what order products appear. Compensation is higher for featured placements. This table does not include all companies or all available products.
We may receive a fee if you click on a lender or submit a form on our website. This fee in no way affects the information or advice we provide. We maintain editorial independence to ensure that the recommendations and insights we provide are objective and unbiased.
The personal loan offers that appear on this site are from companies from which GuideToLenders receives compensation. This compensation may impact how and where products appear on this site including the order in which they appear. GuideToLenders does not include all loan providers or all types of loan offers that are available.
GuideToLenders is not a loan provider but only matches you with lenders that may extend a loan to you. All loan approval decisions and terms are determined by the loan providers at the time of your application with them. There is no guarantee that you will be approved for a loan or that you will qualify for the rates displayed. The offers and rates presented on this website are estimates based on information you submit to us. Your actual rates depend on your credit history, income, loan terms and other factors. Reasonable efforts are made to compile and maintain accurate information. However all loan rates and terms, including APRs, are presented without warranty and are subject to change by the loan providers without notice.
Please note that the Good Faith Estimate was replaced by the Loan Estimate effective October 3rd, 2015 and is no longer used in the mortgage process. We provide the Good Faith Estimate example below for your reference.
According to federal law, a lender must provide a Good Faith Estimate of the key terms of a mortgage including interest rate and closing costs, at the time the borrower submits a loan application. The Good Faith Estimate is a standard document that is the same across all lenders, enabling the borrower to compare mortgage proposals from various lenders. For the example document below, we show a $380,000 fixed rate mortgage with an interest rate of 4.250% and the borrower pays total lender fees of $1,070.
When reviewing a Good Faith Estimate, the key items to focus on are "Your Adjusted Origination Charges" which are the fees charged by the lender and "Your Charges for All Other Settlement Services" which are the costs charged by non-lender third parties such as the appraiser, title company, escrow company and attorneys (if applicable). Both of these items are found on the bottom of page one and a breakdown of these items is found on page two. The table at the bottom of page three allows you to compare mortgages from multiple lenders, which we highly recommend. Please note that this is an example Good Faith Estimate document that should be used for informational purposes only.