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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Michael Flegel, P.A.'s
Homes to go Team
Keller Williams Realty Partners SW
2000 NW 150th Ave, Suite 2000
Pembroke Pines, FL. 33028
Phone: 954-805-3000
Fax: 1-866-905-5763
Email: homestogo@NUMBER1EXPERT.com
Michael's Email: michael@homestogoteam.com

The Homes to go Team of Keller Williams Realty Partners SW is a team of real estate consultants dedicated to making your real estate experience positive, painless and profitable. The Homes to go Team services Pembroke Pines ( a suburb of Fort Lauderdale and Miami) and the surrounding communities in Broward County of South Florida. Founders David Dangler and Michael Flegel, P.A. have drawn on their past experience in real estate, customer service and marketing to develop a team concept approach focused on achieving your real estate goals. Michael as Team Leader brings a strong background in service from the retail and restaurant industries as well as interior design experience. To assist homeowners in today's challenging market, Michael has obtained the "Certified Distressed Property Expert" certification. This heralds his training in the latest facets of the Short Sale options facing many sellers today. David represents his family’s third generation in real estate and with his decades of marketing and design experience, provides a fresh approach as Marketing Director. Together they have assembled a team of agents with one goal – your success! "Thank you for remembering the Homes to go Team the next time you hear of someone thinking about buying or selling a home."

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