The Mortgage Kit: Select the Right Loan, Lock in the Lowest Rate, Negotiate the Best Terms [Paperback]

Thomas C. Steinmetz (Author)

Book Description

Series: Mortgage Kit: Select the Right Loan, Lock in the Lowest Rate, | Publication Date: November 1, 2006

Saving money.  It’s what home loan shopping is all about.  And nothing helps you save money and secure the best deal like The Mortgage Kit.  By guiding you through the entire mortgage process—from applying to refinancing—this proven bestseller is your one-stop mortgage guide.
 
Bursting with Internet information designed to put you in the driver’s seat, The Mortgage Kit includes an all-new, time-saving Internet resource guide, advice on applying for a mortgage on the Internet, and tips on finding a lender online.  And, The Mortgage Kit is packed with hands-on charts, graphs, and worksheets that have helped tens of thousands of homebuyers successfully navigate the mortgage maze.  Mortgage guru Thomas Steinmetz leaves no stone unturned by revealing:

 

-Money-saving strategies for applying for a mortgage

-Tips on handling problems that may affect mortgage qualification

-Strategies on comparison mortgage shopping

-The ins and outs of reverse mortgages

Editorial Reviews

Amazon.com Review

Contrary to popular belief, most Americans' largest purchase is not their home. It is their mortgage, since the interest paid over the life of a home loan is usually more than the price of the home itself. And selecting a mortgage can be even more confusing that choosing a home. The fourth edition of The Mortgage Kit explains the intricacies of all the latest financing options in great detail. This can be heavy going, but worthwhile. Author Thomas C. Steinmetz notes that mortgage costs vary widely from lender to lender. Thousands of dollars may be saved by knowing how to compare rates, discount points, and fees to find the best buy. --Barry Mitzman --This text refers to an alternate Paperback edition.

About the Author

Thomas C. Steinmetz has worked in the real estate finance industry since 1974 when he started as a commercial loan officer.  In 1987 he founded Mortgage Banking Systems to provide the real estate finance industry with computer services and software.  Nearly 500,000 families in all 50 states have signed mortgage documents prepared using Mortgage Banking Systems’ document preparation services.  Steinmetz is currently retired, but keeps close tabs on the mortgage industry.

See all Editorial Reviews

Product Details

• Paperback: 328 pages
• Publisher: Kaplan Publishing; 6 edition (November 1, 2006)
• Language: English
• ISBN-10: 1419584367
• ISBN-13: 978-1419584367
• Product Dimensions: 8.9 x 7.2 x 0.8 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.8 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #1,808,146 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

77 of 78 people found the following review helpful:

5.0 out of 5 stars Mortgage Kit provides insight in a way you can understand, December 5, 1999

By 

Alec Grebis - See all my reviews

This review is from: The Mortgage Kit (Paperback)

Most books about mortgages quickly lose your attention because they are written in a way that only insiders can understand. This book explains the process in a way most people can comprehend.

I used this book to train myself when I got into the mortgage industry. As a manager in a mortgage company, I use this book as a training tool for mortgage loan officers, so they learn to describe the process and loan programs in a way that the general public can understand.

The Mortgage Kit provides a detailed explanation of the entire mortgage process in every day language. It provides great inside tips for consumers about all different aspects of getting a mortgage. Including how to know whether or not your mortgage lender is treating you fairly, and important insights that will protect you from being taken for a ride.

All of the important basics are covered; from what your lender will look at when deciding whether or not to approve your loan, to the paperwork you need to pull together before going to apply for a loan and choosing the best mortgage program for your own needs.

The book is well organized in its layout. It is educational if you read it cover to cover. But more importantly, it's laidout in a way that allows you to find the topics you have questions about easily, so you can focus on learning the answers to them.

37 of 38 people found the following review helpful:

4.0 out of 5 stars No that Bad, April 6, 2000

By 

slider "slider" (NY) - See all my reviews

This review is from: The Mortgage Kit (Paperback)

If only for the calculators and the formulas you should pick this book up. Of all the mortgage books I've read this one has the best charts, calculators. etc. to help you figure out what you can afford and how much your monthly bill will be. It also has an incredible formula to help you compare the many fixed rates that you will be bombarded with. So if you are receiving rates of 7, 7.5, 8 3/8 plus 1, 1 1/2 and 2 points you will be able to calculate the APR for EACH of these different fixed rates. No book that I have read has included such a formula. The book paid for itself just because of this one item.

11 of 15 people found the following review helpful:

5.0 out of 5 stars Very helpful, October 5, 2000

By 

Serina Laney - See all my reviews

This review is from: The Mortgage Kit (Paperback)

This book is great for your average Joe who is planning to buy or refinance a home. It is written in simple English with a minimum amount of technical language. As a first time home buyer looking to educate myself, I found it very helpful.