Buying a Home near Salt Lake City, Utah? READ THIS! - Exclusive Buyers Agent Blog

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Real Estate Agent - Homebuyer Representation, Inc. - DRE# 5467433
Homebuyer Representation, Inc. is the only Exclusive Buyer Brokerage in Salt Lake City, Utah and Surrounding Counties. Benjamin Clark, Exclusive Buyers Agent and Principal Broker shares valuable information and market data with homebuyers on this blog. Find out why you should always make sure you get an Agent on YOUR side of the transaction when buying a home! Exclusive Buyer Brokerages don't list homes and never represent Sellers. The agents represent Buyers ONLY, working to get BUYERS the Best Price and Terms, not Sellers. Finally! Real Estate Agents on the Buyer's Side™
Newly revised for 2010, HUD's latest publication related to buying a home is titled, "Shopping for Your Home Loan: HUD's Settlement Cost Booklet." It is a must-read for anyone who will be buying a home in 2010 (or beyond). In spite of the title, the booklet doesn't just contain information on ho...
Here is a nice clip from CNN that covers the many conflicts of interest that can exist if you don't make sure the agent you hire will work only for you.
Section B of Page 2 of the Good Faith Estimate (GFE) has 9 parts. Let's go through them. Item 3 will be a list of required services that the lender will select. These are services necessary in order to complete your transaction. These charges are subject to a 10% tolerance at settlement, meaning...
Page 2 of the new Good Faith Estimate (GFE) will look significantly different from Good Faith Estimates of the past. Section A has 2 parts. Item 1 is the origination charge, or what the lender is charging you for the loan. This number includes ALL lender fees, combined into one figure. These fees...
The bottom half of page 1 of the Good Faith Estimate (GFE) form begins with a Summary of your Loan Section. This is where a lot of disclosures regarding the loan will be made. What is the initial loan amount? What is the initial interest rate? What will your initial monthly payment be? (Principal...
Let's examine the top half of Page 1 of the new Good Faith Estimate (GFE) form. One of the first changes you will notice about the Good Faith Estimate form is that it now asks for the Loan Originator's email address. It also asks for a Property Address. Remember, without a property address (the o...
Due to RESPA Reform, as of January 1, 2010, lenders are required to use a new, uniform, Good Faith Estimate (GFE) form. This new form creates additional disclosure and transparency about the loan product being offered as well as the costs to the borrower. The Good Faith Estimate (GFE) form is 3 ...
Mortgage shopping will soon be a lot less complicated. RESPA Reform takes effect on January 1, 2010. While still not perfect, the changes do simplify the ability to compare loan offerings between lenders. The goal was to simplify and improve disclosure requirements for mortgage settlement costs u...
Thanks to my good friend Rolando Gill, I'm waving! I'm looking to collaborate with NAEBA members and other EBAs and some of my favorite Blogging friends, as well as personal friends and past clients. If you want to wave with me, send me a private message with your gmail address in it. If I add yo...
Many Buyers pay 1-3% too much for their loan in up-front costs, even after "shopping" for lenders. Some choose a lender solely based on which one has the lowest up-front costs, but they end up paying for it by getting an interest rate that is higher than they qualify for. Others unnecessarily pay...

Benjamin Clark

Buyer's Agent - Certified Negotiation Expert
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smartphone(801) 999-8889
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Find out why you should always make sure you get an Agent on YOUR side of the transaction when buying a home!


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