Customer Reviews

It's Not About Rate: The Right Way To Get A Mortgage

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This book is a short, easy to read introduction to the world of mortgages. The basic message is that there is far more to a mortgage than the rate; indeed, a low initial rate is often the sign of trouble to come. This messaage seems far more relevant in 2009 than it did when the book first came out.

There are far more complex mortgage books on the market. This one is appealing because it is simple and practicle. If you are looking for an introduction to mortgages this is a great place to start.

My journey to being a homeowner started with Richard's book. Based on a review I read on a Washington State real estate blog, I brought a copy. Richard is a mortgage banker, but he writes like a regular human. No fancy pants mumbo jumbo or obscure loanspeak.

The style is direct, non-technical and plain. I like it.

And the content of the book gives you some basis for picking a loan officer and some sophistication in how loans work and how they can be compared.

It's a wonderful place to begin learning about mortgage and well worth the modest price. I have also read David Reed's Mortgage Confidential, which is very good and covers some topics in greater detail. Still, an hour invested in reading this little book will pay the house-hunting novice quite well for the trouble. Try it. You'll like it.