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All agents are NOT alike! Find out why the team at JOLIE POWELL REALTYI are top real estate experts. Call us: 631-473-0420.
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"Now That We Are Settled"
"...I thought I would take the time to send you a note of thanks....
Meg Lupardo, Bill PlucinskiPort Jefferson, NY
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three mortgages at one time. Download TripleCalc now. It's
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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 mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
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| A |
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
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Jolie Powell
CIPS, E-PRO, SRES, CBR, TRC
Jolie Powell Realty
406 Main Street
Port Jefferson, NY 11777
Mobile: 631-774-2528
Fax: 631-473-7959
Office: 631-473-0420
JoliePowell@NUMBER1EXPERT.com
Jolie Powell has been a distinguished leader in the Real Estate industry since 1987. Prior to entering the world of Real Estate, Jolie had a successful career in advertising in Manhattan, New York. Always working to be at the top of her profession, Jolie has received her Certified International Property Specialist (CIPS) designation, Certified Buyer Representative (CBR) and Senior Real Estate Specialist (SRES) designations. Jolie also serves as Director of the Multiple Listing Service of Long Island and now elected as Zone Chairperson for the MLS.
Jolie’s expertise in counseling buyers and sellers brings people together from Long Island and, indeed, from all over the world. Having lived abroad and traveled extensively, Jolie has an excellent understanding of many cultures. As a Cuban-born American, Jolie is fluent in Spanish and communicates well with domestic and international clients, as well as professionals in other fields.
Jolie is proud of the high level of trust she and her clients have established and she looks forward to continue building exceptional client broker relationships.
Proudly selling homes and real estate in Port Jefferson, Stony Brook,
Setauket, Miller Place, Smithtown, Mt. Sinai, Rocky Point, Port Jefferson
Station. North Shore of Long Island.       
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