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" very thoughtful "
"David -
Thank you again for your help with our closing yesterday. I really appreciated it, as well as the ride to the airport. That was not necessary, but very thoughtful. As it turned out, I was able to get checked in and to the gate with a couple minutes to spare (enough time for me to grab a pizza to eat)! I will be in touch with you when we are looking for homes, and perhaps you can put us in touch with an agent over here in Phoenix. Good luck to you and your soon-to-be-bigger family. Thanks again.
Sean (and Melissa) Husmoe "
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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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- NUMBER1EXPERTS™ 
