In the realm of real estate transactions, understanding the intricacies of mortgage estimates is crucial for buyers embarking on their homeownership journey. While the Good Faith Estimate (GFE) had long been a staple in providing buyers with upfront cost estimates, regulatory changes in 2015 introduced a new player: the Loan Estimate (LE). In this article we will explore how this transition impacted buyers and why it’s essential to stay informed. The Evolution: From GFE to LE In the past, the […]
