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Renee Takes The Initiative
I recently purchased real estate with Renee Apfelbeck. Through past experiences in buying and selling residential and investment property, I understand the value and benefit of working with an experienced professional. Renee is such a professional. She earned 100% of my confidence with her performances during this recent transaction. Renee can be relied upon to follow through, thoroughly and in a timely manner. She takes initiative to insure a smooth process and closing. Renee is knowledgeable and exhibited excellent judgment. Renee was a real pleasure work with. I recommend her to anyone seeking professional real estate service.
Elizabeth Novak
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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 |
What is the earliest residential building that remains in Manhattan?
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| A |
Fraunces Tavern, built in 1719, is where George Washington delivered his Farewell Address to his officers in 1783. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
