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Dawn Krantz Private Label Realty

Dawn Krantz is proud to be a Top Producing Real Estate Agent in Austin. If you are looking for results, call Dawn today: 512-825-0534.

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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 
What classic 1932 movie scene was filmed between 923 and 935 Vendome Street in the Silver Lake district of Los Angeles?

A 
Laurel and Hardy tried to lug a heavy piano up a really long outdoor stairway in "The Music Box."
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Dawn Krantz Private Label Realty, REALTOR®, real estate agent and broker for Austin, Westlake Hills and Lakeway, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Dawn Krantz Private Label Realty
Private Label Realty

6414B Bee Caves Road
Austin, TX 78746
Cell: 512-825-0534
Office: 512-263-3948
Fax: 512-538-0471
dawnkrantz@NUMBER1EXPERT.com

As an experienced and dedicated professional, Dawn brings a level of expertise not found in your average realtor. Be selective in your search - choose Dawn Krantz.

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