GFE
A friend of mine has asked me to help him with his home buying experience, or potential one. He has submitted several loan applications and sent over to me his "GFE" or so I thought he did. After reviewing the docs it is clear to see the new standardized form was not used, so does this mean we do not have a true GFE?
On the bottom of one it does state, "This is not a GFE but only an estimate of closing costs."
Second question, is it worth our time in comparing fees provided or should we contact the lender for the standardized GFE form? Finally, any idea why he wouldn't receive a GFE and got estimate on closing costs instead?