All About Mortgages: Insider Tips to Finance or Refinance Your Home in Today’s Economy
Written on February 28, 2010
- ISBN13: 9781427754738
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
Due to new hybrid loans abounding and interest rates increasing from bargain basement levels, millions of consumers who are either seeking a new mortgage or are interested in refinancing their existing mortgages are clamoring for an updated easy-to-follow guide to take them through the complex world of mortgages. In All About Mortgages, 4th Edition, author Julie Garton-Good, the sole three-time recipient of the prestigious international “Real Estate Educator of th… More >>
All About Mortgages: Insider Tips to Finance or Refinance Your Home in Today’s Economy
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Filed in: General.
THIS IS AN EXHAUSTIVE TREATISE ON A VERY OBVIOUSLY COMPLICATED SUBJECT. THERE ARE MANY, MANY ISSUES COVERED HERE BUT I WOULD LIKE TO SEE A MORE USER FRIENDLY APPROACH.
THE AUTHOR OBVIOUSLY KNOWS HER SUBJECT MATERIAL BUT I FELT IT WAS PRESENTED IN A MUCH TOO COMPLICATED WAY FOR THE AVERAGE HOME BUYER. I LEARNED MORE FROM MY LOCAL MORTGAGE BROKER IN A ONE HOUR INTERVIEW THAN I DID FROM THE BOOK. I DO FEEL THE AUTHOR DID HER HOMEWORK AND I THINK THE BOOK IS WORTH THE MONEY. I JUST THINK THE BOOK WAS OVERKILL.
Rating: 2 / 5
The process of buying a home is surely daunting and this book is very helpful on clarifying the scene before you get into the game without knowing what is going on around you. Although the market has changed a bit lately with interest-only loans and other new lending products, this book will provide you with the fundamentals of dealing with mortgage brokers and will help you decide for yourself, what is right fo you.
Rating: 5 / 5
I first read this book while I was learning to be a mortgage solicitor a few years back. I like how the book covers in detail all the information you need to get a loan backed by a mortgage. It covers everything from the loan process to a description of the types of loans you can obtain. This is important when shopping for a loan so you can make the best decision regarding this import financial move you will make.
I like how thorough this book is for the average reader and can be read in a few days.
The book may seem strange because it is in question and answer format which some people may not like. This book still has charts on interest and amortization schedules, this is best left to “The Mortgage Kit”.
Some of the sections include:
1. The Mortgage Market Overview which describes the different aspects of the mortgages; from the brokers to the loan process.
2. Qualifying for a mortgage, the most important section of the book.
3. Comparison shopping which discusses the option to rent or to buy a house; Points, no closing costs loans and should you get a loan or pay cash.
4. Conventional Loans which describes the different and most common loans made be lenders in the mortgage arena.
5. Private Mortgage insurance for those who can not afford at least 20% down payment.
6. Adjustable rate mortgages.
7. Federal Housing Administration loans and their qualifications.
8. VA loan loans and how to get them.
9. Loan Programs with leverage.
10. Leverage from the seller such as seller financing.
11. After Closing: Managing the Mortgage.
I recommend this book and the Mortgage Kit (see my review) if you are shopping for a house these days.
If I could give him 4 ½ stars I would.
Enjoy
Rating: 4 / 5
My friend loaned me a copy of this book to read before applying for a loan. I had credit problems in the past and thought it was impossible to obtain a mortgage. After taking the steps the author suggested in checking my credit and removing the errors I found, I sailed through the mortgage process and am now a home owner. Thank you, Ms. Garton-Good, for helping me make this happen!
Rating: 5 / 5