3 of 5 people found the following review helpful
No longer relevant,
This review is from: Mortgage Confidential: What You Need to Know That Your Lender Won't Tell You (Paperback)
I wish I had seen that all the top-listed reviews here are from 2007. This book was always considered goofy since many of the things the author says are "confidential" were either information everyone could know and were not being held back from, or were not true at least in my state. But it was a good place to start for customers wishing to understand what is really going on from a business point of view. There are a lot of interesting tidbits for novices about how rates are determined, etc. In 2011, however, much of the information about getting a mortgage or refinancing is useless after the changes in regulation.
The reason I'm giving this one star is because the book is now "copyright 2011" so I thought it was overhauled before it came out. Well, that copyright is misleading since it is not current and in some places, I found it completely incorrect. I would not recommend this book in the current state to anyone.