The Good Faith Estimate (GFE) is a disclosure that you will receive at the initial application session for your mortgage loan. It will estimate for you the cost and fees that are associated with the particular mortgage loan that you have selected. The disclosed fees would include but are not limited to fees for points, an appraisal, a credit report, flood certification, processing fees, mortgage insurance, attorney and title costs, interest, recording and escrows. Some fees are collected at application, while other fees are collected at closing. All lenders are required to supply GFEs so that loan applicants can make accurate judgments when shopping for a loan.