Question

Evaluate the lender's good faith estimate. a. the lender made an excellent estimate; it was equal to the actual closing costs. b. the lender made a very good estimate; it was within 0.25% of the actual closing costs. c. the lender made a fairly good estimate; it was between 0.25% and 0.5% of the actual closing costs. d. the lender made a poor estimate; it was higher than 0.5% of the actual closing costs.

Answer 1

The lender's good faith estimate is D. the lender made a poor estimate; it was higher than 0.5% of the actual closing costs.

Who is a lender?

It should be noted that a lender simply means an individual or an organization that lends people money.

In this case, the lender's good faith estimate is that the lender made a poor estimate; it was higher than 0.5% of the actual closing costs.

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