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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Shana Rohde-Lynch
Pacific Union International
1550 Tiburon Blvd Suite U
Belvedere, CA 94920
Phone: 415-264-7101
E-Mail: shana@pacunion.com
shanarohde@NUMBER1EXPERT.com
DRE # 01079806

Shana Rohde-Lynch has a proven track record that no other agent in Marin County can match. Shana is a licensed realtor with Pacific Union International & Christie's International working with buyers and sellers all over Marin County. Previously. Shana was with Frank Howard Allen Realtors for 23 years. In 2002 Shana was inducted into the "Hall of Fame" achieving the highest honor attainable. Shana was named #1 agent for all of Marin County in 2003 closing 52 transactions. She was the #1 agent in 2004 closing 70 transactions. For 2009 and 2010 she was one of the Top 10 agents. She continues to remain at the top of her field year after year. Shana is the President and Founder of Go2Marin.com, the top real estate website in Marin County. Shana's expertise and extensive experience shines through. With a full support staff she is able to devote more time to her clients, providing them with the utmost in fast, efficient service and follow through. Shana's Innovative Marketing Plan exceeds all of her competition. Whether you are searching for the home of your dreams, or thinking of selling it, Shana can turn your dreams into reality!

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