|
All agents are NOT alike! Find out why we are the area's top Avon, Ohio & Avon Lake, Ohio real estate experts. Call us!
|

Request Our Free Relocation Package! Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate! Find Out More > View All Offers >
|

The Kodgers Were a Wealth of Information The Kodgers were a wealth of information in the purchase of our new home, and the sale of our old home. Read Quote > View All Quotes >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
The Kodger Team are some of The
Top Selling Real Estate Experts Find Out More > |
|
Do not be concerned about joining our ever growing list of clients! If you do not feel that the information you receive is of value, there is an opt-out feature at the bottom of every page.
So we may serve you better, please tell us how you found us:
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.
|
| Q |
What trendy and highly unusual hotel must be totally rebuilt every year?
|
| A |
Sweden's popular Ice Hotel, which has 60 double rooms, 25 suites and an interior temperature of 20 degrees, starts melting to the ground in May and is rebuilt every winter. |
See More Real Estate Trivia > |
|
|
|
|