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"Your knowledge of the market..."
To Steve Ashton & Associates, My wife and I were very impressed with you and your team. I want to thank you for your professionalism. Your knowledge fo the market really helped us sell our home quickly. You and your team made us feel comfortable in an otherwise stressful situation. You're truly the best and I thank you for everything. We also appreciate the fact you went the extra mile for us by referring an agent to work with us in Topeka! Thank you again, Sincerely, Jason Wolff
"You went the extra mile for us..."
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First Time Buyers >Good Faith Estimates
Several years ago the U.S. Congress tried to protect consumers from a few unscrupulous lenders by requiring all lenders to calculate and disclose the annual percentage rate (APR) you pay on your mortgage loan. But most homebuyers will learn more by directing their attention to the Good Faith Estimate of Settlement Costs (GFE). Although Congress meant well, in practice the APR is not helpful and may be confusing.
If you are looking for a good way to understand your costs of borrowing and/or to compare one lender's costs to another, the GFE is your best bet. Get your lender(s) to provide a written GFE before you commit your mortgage business. When reviewing a GFE, keep in mind that the lender actually controls only a certain portion of the disclosed costs. Other parties typically control costs of appraisal, settlement, title insurance, recording fees and taxes, survey, and the "prepaid" expenses of homeowner's insurance, mortgage insurance, real estate taxes, etc. Review these origination fees, discount points, etc. and you will have the ability to understand the full costs of your proposed mortgage loan.
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| Q |
Which famous skilled mason laid the cornerstone of the Capitol Building in Washington, D.C. in 1793?
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| A |
George Washington, the first President of the United States. |
See More Real Estate Trivia > |
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