Customer Reviews

How to Buy the Home You Want, for the Best Price, in Any Market

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I bought this book in hopes of understanding better how to buy my first home. It did in fact help with a number of questions I had (though many remain). But what really hurts this book is the author's confusion with math. Several of the formulae in the book are just wrong (like how to calculate your debt-to-income ratio). His comparisons of various loan options are also useless. I'll give two examples: (1) he compares ARMs to fixed-rate mortgages during a historical period during which interest rates dropped like a rock, so it was already clear which would look better; (2) in another example he prefers a 30-year, low point but high rate loan to a 20-year, high point but low rate loan based solely on the monthly payments -- no mention of the relative paydown of the loan's principal. There was a lot of useful info in this book, but since there are so many options in this genre, I would suggest you look elsewhere. I am returning this book tomorrow.

When I purchased this book I had very little knowledge about real estate or lending. After reading the book, successfully buying my first home and now preparing to buy my first rental property, I must say that Mr. Eilers book is truly amazing. I have followed his methods, formulas and tips and tricks to the tee and they ALL work! My realtor even borrowed the book until she could puchase one of her own. I have now purchased and read four real estate books and none were nearly as helpful, complete or as easy to understand as this book. Not only does the book help with real estate, it is also very helpful in the area of finance. Thanks for helping me buy my first and second homes.