what is a good faith estimate gfe 
a good faith estimate gfe is a document that outlines the estimated costs and terms of a reverse mortgage loan offer enabling borrowers to comparison shop among different lenders and choose the deal that best fits their needs under the real estate settlement procedures act respa lenders were required to provide consumers with gfes within three days of a regular mortgage application then in october 2015 gfes were only made applicable to people seeking reverse mortgages with loan estimate forms being introduced for other types of home loans 