The New Rules for Mortgages (Paperback)

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Editorial Reviews

Product Description

New rules in the housing market call for a new rulebook...

A wealth of info for consumers and mortgage professionals.

In the current credit environment, rules have changed for prospective home buyers-and this book explains them. Beginning with what makes up a FICO score, how to improve that score, and how to show a better credit profile; The New Rules for Mortgages explains the new credit guidelines that apply to mortgages. It sheds light on issues that can arise with appraisals, title searches, and home in­spections, and provides hard-headed advice. Using real- world examples, it covers the home buying and financing process in every situation, providing tips and exposing secrets that enable readers to improve their current or future position in the housing market.

A must-have for home buyers and homeowners in­terested in refinancing, The New Rules for Mortgages also belongs on the reference shelves of realtors, financial planners, and attorneys..

About the Author

Dale Robyn Siegel is an attorney and President of Circle Mortgage Group in New York. She teaches at NYU, Baruch College, and the Learning Annex. Frequently quoted in national publications, Siegel has an MBA and a JD. She has worked in many facets of real estate.

Product Details

• Paperback: 224 pages
• Publisher: Alpha (September 1, 2009)
• Language: English
• ISBN-10: 1592579485
• ISBN-13: 978-1592579488
• Product Dimensions: 8.2 x 5.4 x 0.6 inches
• Shipping Weight: 7.2 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #561,246 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

5.0 out of 5 stars Very informative but not boring, September 14, 2009

By	A. Hiltunen "summer day" (New York, NY) - See all my reviews (REAL NAME)

I just bought my copy of The New Rules for Mortgages and was happy to find it to have so much information that I can use. It has all the information one needs about mortgages written in a very clever way. I recommend this book to anyone from first-time buyers to real estate professionals.

5.0 out of 5 stars Great Mortgage Book for New and Repeat Homeowners, November 15, 2009

By	Marian H. Gordon "Reader Head" - See all my reviews (REAL NAME)

As a current homeowner interested in moving up, naturally I would want to learn what I would need to know before I begin the process. With all the craziness in the real estate industry and the mortgage market, I wanted to bone up on the new rules. The title of this book was catchy and the release date was current enough that it would catch a lot of the newer rules.

The New Rules for Mortgages is a book worth 5x its purchase price, 10x it weight in gold and would probably save a new homeowner's butt and stop someone from making big mistakes. The author is an active loan officer and lawyer, so she speaks from her daily experience. The book is a quick read, because she gets to the point. As the ad says- concise and no fluff! Anybody who is new to buying a home or has been down the real estate road before should buy this before they begin shopping around. I have much more knowledge than I did before and feel that I am now armed with the language and knowledge to speak intelligently and not get taken advantage of.

I would strongly recommend this book - it has great information and is an easy read.

5.0 out of 5 stars Are You Considering Buying a Home? Read This Book Before You Make Another Move to Get a Mortgage, November 14, 2009

By	Nikki Leigh "Award Winning Author & Publicst" (Shenandoah Valley, VA) - See all my reviews

When I think of some of the biggest decisions we can make in our lives - I think of things like getting married, having children, starting a business, and buying a home - to name a few. These are major things we do in our lives and these things affect our lives for many years to come -- so they are the kind of things that we should think about very carefully and thoroughly before we do them.

So why is it that so many people have no idea about the mortgage on their home? I could ask many questions about the other major decisions, but that would be different books.

How many people do you know that have a 30 years (or longer) mortgage on their home, but they don't understand the terms or anything else about the loan? I admit that I'm incredibly careful about spending money and especially when it comes to a purchase of that magnitude -- so I can tell you that I discussed the details with my loan officer - I asked so many questions, that I didn't know if we would still be friends. But I understood what I was signing and I felt very good about the loan. Can you say the same about your mortgage?

If you have a mortgage and you don't understand it, if you are looking for a mortgage or if you just want to understand the current mortgage market - The New Rules for Mortgages is for you. Dale Robyn Siegel is an insider - she is in the mortgage business and she has been for years. She understand what is needed to secure a loan, she knows the things you need to know long before you walk in to fill out that application and she know the dos and don'ts of getting the best mortgage for YOU. And, she knows what will keep you from getting the home of your dreams. These are all reasons why you need to read The New Rules for Mortgages.

I am not a financial guru and I admit that many of the terms my mortgage officer used were foreign to me - but Siegel walks you through the entire process. These are some of the chapters in this book -- how many of these topics are things that you don't understand?

The All-Important Credit Score
Income Yeah, You Need That!
Money Matters
A Good Look at the Property
What Mortgage Is Best for You?
Where to Get the Best Mortgage
The Loan Process
Interest Rates, Closing Costs, and the Closing
Types of Property
Protecting Your Homeownership: Divorce, Dispute and Death
You Are a Homeowner

Whether you are a first time home buyer, self employed, under employer, an investor or most any other home buyer - this book has the details you need to make educated decisions when it comes to buying a home. Let an industry insider give you the information you need to get the best possible mortgage for you.