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

by David Reed (Author)
Key Phrases: subprime hybrid, best loan officer, refinancing your mortgage, Document Stamp, Fannie Mae, Lending Tree (more...)

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
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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

• Paperback: 224 pages
• Publisher: AMACOM; illustrated edition edition (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 (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars See all reviews (1 customer review)
• Amazon.com Sales Rank: #471,373 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

1 of 1 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 (TOP 500 REVIEWER)    (REAL NAME)

"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.