The Insider's Guide to Home Equity Borrowing [Paperback]

Pete Hitesman (Author)

Book Description

Publication Date: April 2004

Discover Home Loan Secrets from an Industry Insider.

Everything that you must know about home equity loans and lines of credit in one place. Written by an experienced loan consultant, jam packed with over 100 insider tips to save money and get a great rate.

Foreword by Joe Kennedy, former president of E-LOAN.

Suggestions for finding the best lender, explanation of your "ratios", valuation models and the pricing matrix. What "doc types" are, explanation of Stated Income and No Document deals.

Uses for home equity borrowing, risks, and pitfalls to look out for. Includes a chapter on credit and credit reports. How to get the best valuation for your property.

Every homeowner should know and understand the critical information contained in this book.

Editorial Reviews

About the Author

Pete has personally originated over one thousand home equity loans and is well recognized for his knowledge of qualifying and underwriting standards.

Pete has a disinguished twenty-year history in sales and marketing, and previously enjoyed a fifteen-year career as an award winning district sales manager. His financial savvy stems from a lifelong interest in economics and finance.

Product Details

• Paperback: 192 pages
• Publisher: Relentless Press (April 2004)
• Language: English
• ISBN-10: 0975283502
• ISBN-13: 978-0975283509
• Product Dimensions: 8.9 x 6 x 0.6 inches
• Shipping Weight: 9.6 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #2,998,883 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars By an expert loan consultant, October 30, 2004

By 

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

This review is from: The Insider's Guide to Home Equity Borrowing (Paperback)

An expert loan consultant, Pete Hitesman has personally originated more than a thousand home equity loans and credit lines. In The Insider's Guide To Home Equity Borrowing he draws upon his years of experience and expertise to show the reader in great and comprehensive detail just how to determine the best home equity lender for them, how to successfully negotiate the best terms for a home equity loan, and how to get their home equity loan application quickly approved by the lender. Readers will learn just what home equity borrowing is, how it works, how interest rates are determined, how they are adjusted, and the pitfalls to watch out for. If you are considering a home equity loan, the begin by giving a careful reading to Pete Hitesman's The Insider's Guide To Home Equity Borrowing!

1 of 1 people found the following review helpful:

5.0 out of 5 stars Well Worth the Money, July 15, 2004

By 

Tim Paul (MUSKEGON, MI United States) - See all my reviews

This review is from: The Insider's Guide to Home Equity Borrowing (Paperback)

I highly recommend this book. It is one of the most useful personal finance books I've read in long time. Each chapter contains practical tips and insider knowledge that the average home equity loan borrower (like me) simply would not otherwise have access to. There is no question that the cost of this book can be recovered several times over by anyone who already has a home equity loan or is considering taking one out.

I spent a lot of time searching the web for information before getting my home equity loan. Mostly what I found was advertising and infomercial "advice" from lenders and mortgage brokers. Nowhere did I find the type of independent, practical guidance contained in this book.

1 of 1 people found the following review helpful:

5.0 out of 5 stars An easy read and a wealth of info, May 8, 2004

By 

D. Hagen "readaholic" (Riverside, CA United States) - See all my reviews
(REAL NAME)   

This review is from: The Insider's Guide to Home Equity Borrowing (Paperback)

This is a frequently humorous and easy-to-read book that contains a real wealth of information and tips about home equity lending and mortgages in general. I've been a financial professional (not in the mortgage business) for over 15 years and I was surprised by how much I learned from it. The author has a down-to-earth style that greatly lightens what might otherwise be fairly heavy subject matter. For those in the market for a home equity loan or line of credit, this book is a "must-have" ... it will pay for itself many times over. I would also recommend it to anyone who just wants to learn a bit more about mortgages in general - this book explains it all in clear terms and will alleviate most of the confusion that seems inextricably tied to the process of taking out or refinancing a mortgage. You will finally understand what is being talked about and will know the right questions to ask. All in all, a very good way to spend an evening.