Middletown, Hazlet and Monmouth County real estate and homes for sale in New Jersey, oceanfront properties, waterfront - Frederick Yahn, REALTOR® Frederick Yahn REALTOR(r) for Middletown, Hazlet and Monmouth County, New Jersey real estate, oceanfront properties, waterfront - NUMBER1EXPERT™ Frederick Yahn NUMBER1EXPERT(tm) for Middletown, Hazlet and Monmouth County, New Jersey real estate, oceanfront properties, waterfront
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Frederick Yahn, REALTORŪ, real estate agent and broker for Middletown, Hazlet and Monmouth County New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
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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Real Estate Trivia
Q 
Which house over 100 years old still holds the title as the largest house in the U.S.?

A 
The 250-room Biltmore House in Asheville, NC, built 1890-1895 at a cost of $4.4 million, is the largest house in the US.
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Frederick Yahn, REALTORŪ, real estate agent and broker for Middletown, Hazlet and Holmdel, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Frederick Yahn
Coldwell Banker

864 Hwy 35
Middletown, NJ. 07748
Office: 732-796-2522
Cell: 732-995-9525
Fax: 732-671-0420
Email: AMillionHomes@yahoo.com

Frederick Yahn, Your Middletown, Hazlet, Highlands,Atlantic Highlands,Monmouth Beach,Seabright,Keyport, and Holmdel NUMBER1EXPERT. Also serving all of Monmouth County and Northern Ocean County. "The only time success comes before work is in the dictionary. I am your local fulltime, full service Realtor".

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