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fees: New Good Faith Estimate (GFE) Rule Now In Effect - 01/12/10 02:38 PM
New Good Faith Estimate Rule Now In Effect
Recent guidelines from Washington have forced a change to the way that loan originators will disclose closing costs for all homebuyers.  The purpose of the new Good Faith Estimate is to level the playing field for borrowers comparing loans to be able to make apples to apples comparisons for loan scenarios.
In essence, HUD is working to bring all lenders up to the same standard of excellence in reporting closing costs that I have always adhered to, estimating realistic fees that a buyer should expect to pay at closing with no last minute … (2 comments)

fees: What Are Points and When Should You Pay Them? - 12/23/09 08:52 AM
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fees: What Constitutes Closing Costs? - 02/27/09 10:10 AM
Closing costs are expenses that cover fees associated with the transfer of property ownership, fees paid to state and local governments, and the costs of obtaining a mortgage loan. Some of these fees are negotiable, and could be paid by either the buyer or the seller. Some costs are one-time fees (non-recurring closing costs, such as title search, termite inspection, appraisal, etc.); while other fees such as homeowner's insurance or property taxes are things you will expect to continue to pay on a regular basis as a homeowner.As part of the loan selection process, your mortgage consultant should be giving you … (2 comments)

fees: What Are Points and When Should You Pay Them? - 12/01/08 10:13 AM
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Karl Peidl - Accredited Loan Consultant

Moorestown, NJ

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Address: 305 Harper Drive, Suite 3, Burlington County, New Jersey, Moorestown, NJ, 08057

Office Phone: (856) 252-1200 x 1224

Cell Phone: (609) 254-6687

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