The Home Mortgage Book: Insider Information Your Banker & Broker Don't Want You to Know (Paperback)

by Dale Mayer (Author)
Key Phrases: mortgage process, alternative verification, mortgage options, Freddie Mac, Ginnie Mae, Fannie Mae (more...)

Editorial Reviews

Product Description
Finding and arranging the best mortgage for your dream home purchase can be a confusing and daunting experience. With so many mortgage offers to choose from, you will want to be sure that you are getting the best loan and rate for your particular circumstances. Buying a new home can be an ominous process, whether it is your first or your tenth. It is definitely not something that you do everyday, but finding that perfect mortgage loan at the best rate does not have to be a difficult task. The best defense against feeling overwhelmed is to become informed, and with the help of this new book the process will become easy. You will learn how to find the best opportunities, how to negotiate, how to get the type of mortgage loan you need; how to calculate how much you can afford, understand the true cost of a mortgage and your capacity to repay, how to pre-qualify, understand the lending process, and analyze various mortgage products. With this book, you will understand financing, budgets, needs and wants, credit reports, home-buying timeline, the process of building a house, manufactured homes, negotiating with lenders, using the Internet to get the best rates, credit reports, home-buying timeline, construction loans, manufactured homes, real estate and mortgage glossaries, setting values, home warranties, homeowners insurance, creative financing, buying with little or no money down, closing and settlement inspections, legal contracts, mortgage agreements. You will know what you can afford, which government agencies can help, considerations for veterans, calculating monthly payments, and escrow. This comprehensive resource contains a wealth of modern tips and strategies for financing and closing on your house. The author shows readers how to find out how much they re really worth, how to uncover unknown assets, and how to enhance credit ratings within six months. It provides information and suggestions on everything from no-down-payment mortgages to finding the right mortgage agent. Though you may be relatively cash-poor or have a less-than-perfect credit rating, now you can find the house you ve always wanted and acquire a favorable mortgage.

Product Details

• Paperback: 288 pages
• Publisher: Atlantic Publishing Company (FL) (January 15, 2008)
• Language: English
• ISBN-10: 0910627843
• ISBN-13: 978-0910627849
• Product Dimensions: 9 x 6 x 0.8 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars See all reviews (7 customer reviews)
• Amazon.com Sales Rank: #1,259,077 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 2 people found the following review helpful:

5.0 out of 5 stars Expansive subjects and approaches make it a top recommendation., May 9, 2008

By	Midwest Book Review (Oregon, WI USA) - See all my reviews

Finding and understanding the best mortgage for a dream home can be a confusing experience; but with this book the process will be easy, making it a fine beginner's pick for public libraries and collections where introductory real estate investing is a hot topic. Modern strategies for financing and closing on a house tell how to uncover unknown assets, enhance credit ratings, understand lender requirements and timelines, and more. Other books of course give some of this information, but this title's expansive subjects and approaches make it a top recommendation.

Diane C. Donovan
California Bookwatch

0 of 2 people found the following review helpful:

5.0 out of 5 stars Everything You Need!!, February 11, 2008

By	K. Peoples (Ohio) - See all my reviews (REAL NAME)

The Home Mortgage Book is an all inclusive guide to buying your dream home. The book talks you through each step of the process and it's a good thing to keep handy. If you are thinking of buying, it's a great reference. The book also addresses if you already have a mortgage and you are considering changes.

There are worksheets to help you see where you are before you start the process. The information is good for you to read to help prepare you so that you are not taken advantage of.

If you already have a mortgage, it's a great tool to help you understand all the terms. The book even offers suggestions if you are unable to pay. It outlines what a reverse mortgage is without someone trying to sell you on something.

1 of 4 people found the following review helpful:

5.0 out of 5 stars Priceless Information, March 6, 2008

By	Kerry Rodriguez "KerryW" (Dallas, Texas) - See all my reviews (REAL NAME)

The first time I bought a house I was completely overwhelmed by the terms, paperwork, and procedures thrown at me; from the house hunt, to the offer process, to the mortgage process!
This book completely broke down for me everything that "the other side" seems to already know.

I found it helpful to read about purchase agreements, home inspections, and other key points related to the actual selection and agreement on the details of the house.
Additionally I found the sections about the different types of mortgages and the full details about each type of mortgage completely explained in a way that can be understood by someone who is not in the mortgage business!

After reading the information in this book I feel so much more informed and confident about approaching the process of buying my second home.