Amazon.com Review
Thinking of putting yourself hundreds of thousands of dollars in debt? Buying a house is likely the most significant, exciting, scary purchase you'll ever make. Doing some careful research and knowing all the angles beforehand is well advised--and you can start with
The Smart Home Buyer's Handbook. The first chapter, "What Can You Afford?", is quite well done, providing easily applicable formulas for calculating your monthly fees, depending on the amount financed and the interest rates of the loan. It also explains the kind of housing-expense ratio (monthly fees divided by monthly gross income) lenders look for, so you can reach educated decisions about just how much house you're actually in the market to buy. Once that most major of decisions is carefully reached, Keating moves on to assist in choosing a house, taking into account neighborhoods, home designs, issues of construction, and how to go about evaluating a used home. Leading you through all the steps of negotiating and closing the deal, Keating concludes with some practical advice on moving into your new purchase and getting the most financial interest, leverage, and payback from your new financial investment. David Keating's home handbook carefully explores all the issues, from types of mortgages and how interest rates work to foundations, brokers, and tax deductions. He does this all in clear, easy-to-understand language that demystifies the terminology and laws that would otherwise bring on a headache and make you think that renting for the rest of your life isn't really so bad.
--Stephanie Gold