Decoding the New Mortgage Market: Insider Secrets for Getting the Best Loan Without Getting Ripped Off [Paperback]

David Reed (Author)

Book Description

Publication Date: December 9, 2009

The housing market is in turmoil, but if there's a silver lining, it's the fact that purchase prices are at historic lows. Sure, there are still plenty of predatory lenders waiting to exploit the naive potential buyer, but those who do their homework will be rewarded with a fair price and manageable mortgage terms. "Decoding the New Mortgage Market" is a map to finding the best and most realistic mortgage deals while navigating past potential obstacles and traps. This book is filled with money-saving advice. Because lenders and buyers alike have gotten 'burned' in the mortgage crisis, finding and qualifying for a manageable loan may now be more difficult. Readers will find that "Decoding the New Mortgage Market" makes the search both easier and more fruitful, and that their dreams of home ownership are still within their reach.

Editorial Reviews

Review

“…displays a deep knowledge of the federally backed loan programs…unbiased, cards-on-the-table insider…drills down into each of the phases of obtaining a loan…offers readers deep understanding of what's going on... smart strategies for getting best deal on their mortgages.” – Inman News

Book Description

The housing market is in turmoil, but if there’s a silver lining, it’s the fact that purchase prices are at historic lows. Sure, there are still plenty of predatory lenders waiting to exploit the naïve potential buyer, but those who do their homework will be rewarded with a fair price and manageable mortgage terms.

Decoding the New Mortgage Market is a map to finding the best and most realistic mortgage deals while navigating past potential obstacles and traps. Filled with money-saving advice, this practical guide will help prospective buyers understand:

• How new lending and underwriting rules affect today’s homebuyer

• Different loan types and lending institutions

• Credit issues and other qualifying factors

• Creative down-payment solutions

• How to reduce closing costs and other fees

Because lenders and buyers alike have gotten “burned” in the mortgage crisis, finding and qualifying for a manageable loan may now be more difficult. Readers will find that Decoding the New Mortgage Market makes the search both easier and more fruitful, and that their dreams of home ownership are still within their reach.

See all Editorial Reviews

Product Details

• Reading level: Ages 18 and up
  
• Paperback: 256 pages
• Publisher: AMACOM (December 9, 2009)
• Language: English
• ISBN-10: 0814414001
• ISBN-13: 978-0814414002
• Product Dimensions: 9 x 6.4 x 0.7 inches
• Shipping Weight: 10.4 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #1,251,125 in Books (See Top 100 in Books)

More About the Author

David Reed (Austin, TX) is the author of Mortgages 101, Mortgage Confidential, Your Successful Career as a Mortgage Broker , The Real Estate Investor's Guide to Financing, Your Guide to VA Loans and Decoding the New Mortgage Market. As a Senior Loan Officer and Mortgage Executive he closed more than 2,000 mortgage loans over the course of more than 20 years in commercial and residential mortgage lending.

He is Principal of and Lead Writer for CD REED Professional Writers Group, dedicated to web-based marketing, content writing and search engine optimization for the Real Estate, Financial and Mortgage Industries. He has written copy for literally hundreds of websites, authored countless articles and is an expert in Search Engine Optimization.

He has appeared on CNN, CNBC, Fox Business, Fox and Friends and the Today In New York show. His advice has appeared in the New York Times, Parade Magazine, Washington Post and Kiplinger's as well as in newspapers and magazines throughout the country. He is married and a father of three in Austin. His website can be found at www.cdreed.com