Articles Index

What is a Good Faith Estimate (GFE)? - Definition of the Good Faith Estimate

A good faith estimate is a statement showing the ballpark costs a lender will charge you. While some people think a good faith estimate is a firm quote, there's plenty of wiggle room in those prices. Nevertheless, you get a decent idea of what you'll be paying with a good faith estimate.

Conforming Loan - Definition of Conforming Loans

Conforming loans are loans that pass muster with Fannie Mae and Freddie Mac. You may want to get a conforming loan because rates are lower and funding is easier.

Jumbo Loan - Definition of Jumbo Loan

Jumbo loans are loans larger than the limits set by Fannie Mae and Freddie Mac. These monstrous mortgages get you more money, but you have to pay a price. Find out what a jumbo loan is.