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| Good Faith Estimate | A written estimate of closing costs that a lender must provide you within three days of submitting an application. |
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| Grace Period | A period of time during which a loan payment may be paid after it’s due date and not incur a late penalty. Such late payments may be reported on your credit report. |
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| Gross Income | For qualifying purposes, the income of the borrower before taxes or expenses are deducted. |
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