|
|
|
For Home Sellers:
Why Sellers Choose Ask Cathy Marketing Group LLC - Why home sellers in Lee's Summit, Blue Springs and Raymore choose Ask Cathy Marketing Group LLC. Free Presentation - Free in-home listings presentation on marketing your Lee's Summit, Blue Springs and Raymore, in Jackson and Cass County Missouri property. Property Valuation - How much is your Lee's Summit, Blue Springs and Raymore home worth? What Did That Home Sell For? - What did that Lee's Summit, Blue Springs and Raymore, Missouri property or other real estate sell for? FSBO - Selling your Lee's Summit, Blue Springs and Raymore real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Lee's Summit, Blue Springs and Raymore Homes, For Home Buyers, For Home Sellers, Lee's Summit, Blue Springs and Raymore Information, Real Estate Resources, and About Ask Cathy Marketing Group LLC.
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
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 |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
|
| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT 
