good faith estimate
Written estimate of costs the borrower will have to pay at closing, provided by a lender within three days of a loan application.

graduated payment loan
Mortgage in which initial low payments (with potential negative amortization) increase regularly for several years and then level off.

grace period
Period of time during which a loan payment may be made after its due date without incurring a late penalty.

gross
Before taxes.

gross Income
Total income before taxes or expenses are deducted.

gross monthly Income
The total amount earned by the borrower each month.

guarantee
To assume liability for another's debts in the event of his default.

guaranty
A promise by one party to pay a debt or perform an obligation contracted by another in case of that person's default.