Thanks for visiting! We've worked hard to make this site a comprehensive resource for you as you explore real estate in the South Bay cities area. No web site, large or small, can take the place of a top Real Estate Consultant. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be your Real Estate Consultants for Life. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events of a lifetime. As top South Bay Realtors, we have the experience and track record you are looking for. Please let us help. - The Frank Kenny Real Estate Team
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Check out our Client Moving Truck! If you use our services to buy or sell a property, you can use the truck to move your belongings. And...our truck is available to charities and community events too! Click on the truck photo for more information. |
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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 |
The upper walls of what famous holy temple are lined with gold?
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| A |
The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
