An Insider's Guide to Refinancing Your Mortgage: Money-Saving Secrets You Need to Know [Paperback]

David Reed (Author)

Book Description

Publication Date: September 15, 2008

For many homeowners, refinancing a mortgage can save them significant money, considerably reducing their monthly payments. It can also give them breathing space to pay off debts or allow them to make other investments, pay for college, or finance home improvements. In this essential guide, readers will learn why to refinance, when to refinance, as well as how to find the best lender, loan officer, and rate. Mortgage expert David Reed takes readers step by step through the refinance process and shows them how to evaluate their current loan program and compare it with other options.

Editorial Reviews

From School Library Journal

Author and senior loan officer Reed (Mortgages 101; Mortgage Confidential) is back to impart advice and insider tips for people finding themselves in the current rush to refinance. Here, he skillfully outlines the process from start to finish, examining refinancing with a dollars-and-cents formula to calculate recovery time and providing an overview of the different mortgage programs and vendors available today. Helpful advice, like requesting to review the title report and appraisal, is included throughout. Reed also dispels many common misperceptions surrounding the mortgage industry, such as competitive interest rates, online lead generators, and aggregator sites. Negative-amortization and subprime loans are briefly explored but could have been developed further. Still, the author ably provides concrete counsel for obtaining rate quotes and picking a loan officer and does a good job of showing how to compare apples to apples in an attempt to determine the best deal available. Predatory lending and loan fraud are also discussed. This title would serve as a nice post—subprime mortgage crisis update for real estate finance collections. Recommended for all public libraries.—Tracy Mohaidheen, M.L.I.S., West Bloomfield, MI
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

“Author and senior loan officer Reed…is back to impart advice and insider tips for people finding themselves in the current rush to refinance. Here, he skillfully outlines the process from start to finish...Recommended for all public libraries.” --Library Journal

One of Library Journal's Best Business Books of 2008: "Senior loan officer Reed offers an easy-to-understand but still admirably detailed guide to shopping for mortgages and refinancing the mortgage you have; helpful tips and commonsense strategies abound."

See all Editorial Reviews

Product Details

• Reading level: Ages 18 and up
  
• Paperback: 224 pages
• Publisher: AMACOM (September 15, 2008)
• Language: English
• ISBN-10: 0814409350
• ISBN-13: 978-0814409350
• Product Dimensions: 8.9 x 6 x 0.7 inches
• Shipping Weight: 12.8 ounces
• Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,173,938 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

Customer Reviews

Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

4.0 out of 5 stars Good Primer to Refinancing Your Current Mortgage, December 21, 2008

By 

Michael Taylor "Michael Taylor" (Indian Trail NC) - See all my reviews
(VINE VOICE)    (TOP 500 REVIEWER)    (REAL NAME)   

This review is from: An Insider's Guide to Refinancing Your Mortgage: Money-Saving Secrets You Need to Know (Paperback)

"Insider's Guide to Refinancing Your Mortgage" contains good basic information that focuses more on refinancing rather than qualifying for a first-time home loan.

The following topics are covered:

1. Types of refinance mortgages.
2. Reasons to refinance and when not to refinance.
3. Finding the best lender.
4. Finding the best interest rates.
5. How to save on closing costs.

Also included is a helpful table that shows how much your monthly payment would be based on the amount of the loan, length of loan (10 to 40 years), and interest rate.

A good guide for the person who wants to learn basic information about refinancing.

Recommended.