It has to be in your software set up. If Block 1 is $1000 and Blocks 3 - 11 are $2500 then you should be showing a $3500 credit in Block 2, providing you're paying all charges shown in Blocks 3 - 11.
GFE Page 2
Block 1 $1000
Block 2($3500)
Block A ($2500)
Blocks 3 - 11 $2500.00
Block A + B $0.00
GFE Page 1 (Summary of settlement charges)
Block A($2500)
Block B $2500
A+B $0.00
However, " when you include the fees in your loan amount and give them a credit on GFE Block 2"
If you are financing the fees then this is not a no cost loan and the GFE would not show any credits in Block 2. You are simply financing the fees, you are not paying/waiving them.
If you are actually paying the charges then you don't want to show them being financed, you will want to show them being paid by cash. At least that's how our software works.
Last edited by Dan Persfull; 03/08/10 08:11 PM. Reason: Add additional comment.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.