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Based on the details above, the lender's good faith estimate is one that is within 0.25% of the actual closing costs.
What is good faith estimate?
A Good Faith Estimate commonly referred to as GFE, is known to be a kind of situation where a lender is given to a person as one request or apply for a form of reverse mortgage.
Note that the Lenders often needs a Good Faith Estimate (GFE) for about a period of three business days one getting the loan application. This will explain your loan terms and costs linked with the loan.
From the above, , the lender's good faith estimate is one that is within 0.25% of the actual closing costs and thus can tell the costs linked with the loan.
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Answer:
is D. the lender made a very poor estimate; it was between 0.5% and 0.75% from the actual closing cost
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