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Thanks To You We Got It!
Good Morning Tim, We want you to now how much we appreciate you doing the job you did in selling our log home in Cobb Mtn. We were about to give up on finding a
professional person in the area to sell our place. We had to fire the first two brokers we had contracted to sell the property. Thanks to you, we got it done! It was also very good of you to follow through in taking care of a couple of repairs that needed some attention after we left the area. Thank you, Timothy, and good luck to you.
Bob and Rochelle Powell
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Closing or Settlement >The Good Faith Estimate
When you buy a home, you will pay "closing costs" in addition to the down payment. These costs include the "points" you pay on your mortgage loan, title and hazard insurance, the title search, legal fees, and other charges imposed by the lender. These charges vary by state and county, but they usually represent a considerable amount of money.
Your real estate agent can tell you about the closing costs in your area. Ask your agent for some general figures when you begin your search for a new home, and use this information as a guideline. When you apply for your loan, the lender is required to provide you with a "good faith" estimate of the closing costs. The lender's good faith estimate is usually close to the actual amount, since the sales contract will have the price and terms of your new home spelled out. As the closing approaches, your real estate agent will give you a final figure for the check that you will bring to the closing table.
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| Q |
What economic factor can make the purchase of a home an excellent long-term investment?
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| A |
Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
