Meet The Duffy Team, Our Team Is On Your Side!
Sandra “Sandy” Duffy has been listing and selling homes in the Greater Princeton Area for more than 30 years. She is a native Princetonian and can answer most of your questions about the area and point you to the right places for all other questions. She is a Certified Residential Specialist (CRS), an e-Pro (real estate internet specialist), holds a Graduate Realtor Institute designation, and a broker's license. Bruce Duffy lends behind-the-scenes support as well as being a licensed salesperson. Together the Duffy Team is here to help make your home-buying or home-selling experience smooth and worry-free!
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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 |
Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?
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| A |
The former estate of John Lennon in Palm Beach has two pools plus guest quarters. |
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