HAVE YOU HEARD ABOUT HOW THE AUSTIN AREA IS LEADING THE NATION IN JOBS AND RECOVERY??
* Brookings Institute rates Austin as "Highest Ranked Recovery"
* Newsweek's "Top 10 Recovery Cities"
* CNN Money "Recession Proof City"
* Austin is Kiplinger's "#1 City of the Next Decade!"
* CBS News reports that "Austin has weathered the recession better than any other place in the country and now leads the nation in job growth." See for yourself! Just CLICK HERE.
With all this, along with the friendliest population, fantastic BBQ, and great, easy lifestyle...why would you live anywhere else?
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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 most unusual maintenance project done once each year in the United States?
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| A |
The Niagara Falls is shut down for maintenance every year in the fall by diverting the flow of water for 24 hours using a massive series of pipes constructed in 1837.
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 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
