>>2264829A GFE should provide the following information:
Basic information about the lender.
How long you have to lock in the interest rate.
How long until the interest rate expires.
How long you have to close on the loan.
When the GFE is set to expire.
Principal loan amount.
Number of years you have to pay.
Your initial monthly payment, including the principal and interest.
The maximum possible first charge on a variable-rate mortgage.
Any penalties that will be incurred in the event of loan prepayment.
If the mortgage has a balloon payment, when that payment is due.
Origination fees, including anything charged for taking out the loan.
Points, the additional fees sometimes paid for a particular locked-in interest rate.
Fees for services by the lender, including appraisals, pulling your credit reports, title insurance, recording charges, local and state transfer tax, escrow deposit for property tax and insurance, any insurance required by the lender (such as flood or earthquake), and prorated interest from closing date until the first payment is due.
