Ardell asked me to share with you how I present Good Faith Estimates to my clients when I’m not meeting with them face to face…and believe or not, most of my clients I never have the pleasure of meeting. We do most of our conversation via email or over the phone. When possible, I like to include a presentation where I review the good faith estimate for the client section by section.
Here’s an example from a transaction a few months ago where my clients were buying utilizing an FHA mortgage with minimum down payment.
The program I use is called Jing and you have up to 5 minutes to record your presentation (I was pushing my time with this presentation…you might be able to tell that I’m trying to wrap it up at the end). The uses for this program are endless.
This does take some extra time to prepare an estimate…but I think it’s worth it!