Gold Coast, Roscoe Village and Edgewater real estate and homes for sale in Illinois, Luxury, Investment - The Mike Frank Team, REALTORS® The Mike Frank Team REALTORS(r) for Gold Coast, Roscoe Village and Edgewater, Illinois real estate, Luxury, Investment - NUMBER1EXPERTS™ The Mike Frank Team NUMBER1EXPERTS(tm) for Gold Coast, Roscoe Village and Edgewater, Illinois real estate, Luxury, Investment
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The Mike Frank Team, REALTORŪ, real estate agents and broker for Gold Coast, Roscoe Village and Edgewater Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
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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Real Estate Trivia
Q 
Where would you go to visit the largest ancient castle in the world?

A 
You would travel to Prague, Czech Republic, to see the Prague Castle, built in the 9th century, with a total surface area of 18 acres.
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The Mike Frank Team, REALTORŪ, real estate agents and broker for Gold Coast, Roscoe Village and Edgewater Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Mike Frank Team
Keller Williams Lincoln Park

2106 N. Clark St.
Chicago, IL 60614
Cell: 773-251-8963
Direct: 773-770-7300
Fax: 206 888-2876
Email: mikefrank@kw.com

Mike is a knowledgeable, experienced realtor and consistent top producer who puts the needs of his clients first. During his 10 years of professional experience in the consulting industry prior to obtaining his real estate license, Mike learned how to listen to his clients, quickly identify their main objectives, problems and priorities and deliver solutions that exceeded their expectations. He has been using the same approach successfully with his real estate clients for almost 10 years. Mike utilizes his extensive market knowledge, cutting edge technology, and proven negotiating skills to assist sellers and buyers in obtaining the best possible price and making their transactions smooth and worry free. Mike specializes in helping his clients buy and sell luxury condos, single-family homes, and residential investment properties in Chicago in the River North, Gold Coast, Roscoe Village, Edgewater, Lincoln Park, Lakeview, Lincoln Square, Ravenswood, Bucktown and Uptown areas. He is consistently ranked in the top 5% of all Chicago Realtors. Call Mike now for more information and expect a quick response!

Equal Housing GRI MLS REALTOR


Keller Williams Lincoln Park real estate and homes for sale in Gold Coast, Roscoe Village and Edgewater Illinois

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