is a good faith estimate binding
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is a good faith estimate binding

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This is going to be a conventional financing and buyers cost tutorial this time i'm going to show you the good faith estimate some of you have been using it and some don't even know that it's in here so it might be a good thing to take a look at let me go to financing conventional say the sales price is 450 thousand go over here to the interest rate 5.75 enter enter enter down payment ten percent giving us a new first trust deed of 405 it's your payment property insurance one point I mean 3.6 that's $135 property tax and mortgage insurance based on point 62 giving us a payment of 3176 48 go right from here to your buyers closing costs so you're one point origination let's say there's zero for the discount points appraisal credit report tax service underwriting and you would change these numbers to match your needs 30 days of interest if you like 15 go ahead and change it do taxes let's say we want four months 14 months insurance your escrow sub escrow change it as you need now i'm going to say 125 for notary the seller is not going to assist with any of the closing costs but we're going to have a thousand dollars in earnest money and we're going to calculate the APR on APR on the first above cost 13,000 647 plus a down payment gives your total costs minus the earnest money gives your cash to close and your APR if we go to charts go to a good faith estimate fill out this information here your name the lender address city state and zip your clients information and a loan number put in a loan number and say okay and this is what the good faith estimate will look like I will print this i will save this as a PDF and i'll attach it to the example so that you can print it out and take a look at exactly what it's like in the meantime i'll make it a little smaller here and give you an idea of what it looks like any questions don't hesitate to call 90 95 97 for 504 and of course if you know anybody in your office who would have an interest in the real profile windows program don't hesitate to pass this information along

FAQ

What is a good faith estimate on a loan?
The estimate in good faith (GFE) aims to pay and compare all the precedents before deciding the mortgage for consumers. The initial goal was to understand what services consumers could buy - save interest rates and lower payment times, even at high cost.Free Online Debt Advice
What are the good ways to fill out 1120 form if my business is inactive?
While you might not have been “active” throughout the year, by filing a “no activity” return you may be throwing away potential deductions!  Most businesses (even unprofitable ones) will have some form of expenses – think tax prep fees, taxes, filing fees, home office, phone, etc.  Don’t miss out on your chance to preserve these valuable deductions.  You can carry these forward to more profitable years by using the Net Operating Loss Carry-forward rules.  But you must report them to take advantage of this break. If you honestly did not have any expenses or income during the tax year, simply file form 1120 by the due date (no later than 2 and one half months after the close of the business tax year – March 15 for calendar year businesses).  Complete sections A-E on the front page of the return and make sure you sign the bottom – that’s it!
Is it a good idea to fill out most online forms with a fake cellphone number?
The best approach for your case is to get a temporary phone number online. You just buy the number and configure call forwarding (in case you want to receive calls apart from dialing out) - that way you can decide if the call is important and you want to pick it up or just leave it ringing/reject. Give this number on craiglist or any web forms you like. You can do this on https://myphonerobot.com for $2.99/month
How do you find out if a company is open to using a staffing agency to fill positions?
Get an introduction to the target company through a referral if possible.  A lot of the companies that retain us even talk explicitly about "no agency referrals" on their website.  There are times that going in through HR or their staffing org can be to your benefit but more often that not it helps to have a referral with a "VP" in their title to get you that introduction.  You might still be a long way from getting a fee agreement signed (retained or contingent) but you'll be a lot close than being one of the hundreds of agency recruiters leaving voicemails for the VP HR or Staffing Manager.
Is faith, as a methodology, good, bad, or indifferent? Please include how you define faith.
First, terms.Reason:The practice of gauging all claims made on the plausibility of the reason and evidence presented, and then believing them and operating on the assumptions generated, only in scale to that plausibility.The above methodology, requires no faith whatsoever, and has nothing in common with faith, whatsoever. If you only believe in direct scale to the plausibility of reason and evidence, what need have you of faith?Faith therefore, has to be belief NOT in scale to the plausibility of reason and evidence.Whatever else it might be, and however else it can be defined, the above has to be part of that definition.AKA, you might think you have some small evidence, based on the authority of the one making the claim for instance, but basing an entire life philosophy upon the weak evidence of the argument from authority, is belief out of scale with the plausibility, and thus requires a lot of faith.Faith always seems to come down to accepting claims at face value, rather then questioning and analyzing them.Question:What possible benefit can come from the methodology of faith, apart from mere coincidence?I can't think of a one. I've challenged hundred of people to find a single benefit that comes from the application of faith as a methodology, that can't be gained better through reason.So I can't answer this question.I can show what the downsides of faith are.1. Faith is anti truth, because it doesn't allow us to accept being wrong.Because faith WILL cause Confirmation bias, and other cognitive biases such as Selection bias.A definition of faith by C.S. Lewis has been making the rounds online lately, as if its a good thing."Faith is the art of holding on to things your reason has once accepted, in spite of your changing moods."This position is antithetical to an honest search for increasing truth value.Because anyone can be temporarily persuaded with faulty reasoning and or made up/misinterpreted evidence. If you haven't been exposed to the arguments before, it is simplistic to make you believe the US faked the moon landings.However, when you go and research the arguments, and realize every single argument to that effect EVER, has been fully countered and discredited, should we "continue to hold on because your reason once accepted it, in spite of your changing moods?"No. Yet about 25% of the population do, and think we faked the moon landings, through faith.If you honestly care about truth value, then you must be open to being wrong. You must doubt yourself, including conclusions you came to through previous reason.And truth matters. Therefore faith is a direct enemy of actual truth.Faith is putting your current belief, above actual truth.Faith doesn't want to know if its wrong, because it cares about belief, not truth.But when a belief is only held in proportion to its plausibility, and we aren't emotionally attached to them, we are open to change and can honestly seek increasing truth value.This is vitally important to the future of our species.Because of this precise effect, faith always defends the status quo. It defends what people currently believe. It is fundamentally against change or progress.And this world has many looming threats that require progress, which makes this a critically vital issue.All human progress, has come from doubt, which is the opposite of faith.What truth has faith ever led us to? Unless the original faith claim just happens to be true by coincidence, the faith methodology cannot possibly lead to truth.2. Faith is fundamentally divisive.When you reach a belief position through the plausibility of reason and evidence, you can use the same process to guide others to the same conclusion.Which is why properly peer reviewed, verified, and falsifiable scientific knowledge is accepted by the scientific community anywhere on earth.But when you believe, through faith, that you have a unique line on truth, through revelation to you or other humans, it fundamentally divides you from people who disagree.Reason cannot reason a person out of a position they were not reasoned into.Which is why diplomacy and negotiating with the devoutly faithful middle east has never been effective.3. Faith leads to exploitation.When you are willing to believe faith claims at a level not in scale with the plausibility of reason and evidence, its quite simple to play off your wishful thinking to exploit you.Case in point, corporations playing American Christianity into the "religious right" with minor (to the corporations) social concessions, in order to get them to accept less regulation of said corporations.Or all the billions of dollars donated to faith causes.But most importantly, it seems to me that faith is involved in justifying all human atrocities. This is the gravest form of exploitation.If we merely apply reason and common human empathy, you won't unite people in committing genocide.While faith has been quite successful in that endeavor:Terry Finley's answer to Why do some people who say they are atheists turn out to be Anti-theists?Even secular atrocity has been faith based. Nazi Germany and Stalinist Soviet Union both required faith in the regime and their policies, and didn't allow free thought and reason.This is why I don't see Theism vs Atheism as the important issue.I think Faith vs Reason is the crucial discussion.Other related questions:What is the best, or any defensible methodology, for finding the truth?What is good or bad about blind faith? Blind faith is here defined as belief that is not based on reason or evidence, but might have evidence on its side.How is faith different from Confirmation bias, and why would either be admirable qualities?
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