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| The Home Mortgage Book: Insider Information Your Banker & Broker Don't Want You to Know | 
 enlarge | Author: Dale Mayer
Publisher: Atlantic Publishing Company (FL)
Category: Book
List Price: $21.95
Buy New: $11.06
You Save: $10.89 (50%)
Buy New/Used from $11.06
Avg. Customer Rating:  (7 reviews)
Sales Rank: 1116676
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 288
Shipping Weight (lbs): 1
Dimensions (in): 9 x 6 x 0.8
ISBN: 0910627843
Dewey Decimal Number: 332.7220973
EAN: 9780910627849
ASIN: 0910627843
Publication Date: January 15, 2008
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
Finding and arranging the best mortgage for your dream home purchase can be a confusing and daunting experience. With so many mortgage offers to choose from, you will want to be sure that you are getting the best loan and rate for your particular circumstances. Buying a new home can be an ominous process, whether it is your first or your tenth. It is definitely not something that you do everyday, but finding that perfect mortgage loan at the best rate does not have to be a difficult task. The best defense against feeling overwhelmed is to become informed, and with the help of this new book the process will become easy. You will learn how to find the best opportunities, how to negotiate, how to get the type of mortgage loan you need; how to calculate how much you can afford, understand the true cost of a mortgage and your capacity to repay, how to pre-qualify, understand the lending process, and analyze various mortgage products. With this book, you will understand financing, budgets, needs and wants, credit reports, home-buying timeline, the process of building a house, manufactured homes, negotiating with lenders, using the Internet to get the best rates, credit reports, home-buying timeline, construction loans, manufactured homes, real estate and mortgage glossaries, setting values, home warranties, homeowners insurance, creative financing, buying with little or no money down, closing and settlement inspections, legal contracts, mortgage agreements. You will know what you can afford, which government agencies can help, considerations for veterans, calculating monthly payments, and escrow. This comprehensive resource contains a wealth of modern tips and strategies for financing and closing on your house. The author shows readers how to find out how much they re really worth, how to uncover unknown assets, and how to enhance credit ratings within six months. It provides information and suggestions on everything from no-down-payment mortgages to finding the right mortgage agent. Though you may be relatively cash-poor or have a less-than-perfect credit rating, now you can find the house you ve always wanted and acquire a favorable mortgage.
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| Customer Reviews: Read 2 more reviews...
Expansive subjects and approaches make it a top recommendation. May 9, 2008
1 out of 2 found this review helpful
Finding and understanding the best mortgage for a dream home can be a confusing experience; but with this book the process will be easy, making it a fine beginner's pick for public libraries and collections where introductory real estate investing is a hot topic. Modern strategies for financing and closing on a house tell how to uncover unknown assets, enhance credit ratings, understand lender requirements and timelines, and more. Other books of course give some of this information, but this title's expansive subjects and approaches make it a top recommendation.
Diane C. Donovan
California Bookwatch
Priceless Information March 6, 2008
1 out of 4 found this review helpful
The first time I bought a house I was completely overwhelmed by the terms, paperwork, and procedures thrown at me; from the house hunt, to the offer process, to the mortgage process!
This book completely broke down for me everything that "the other side" seems to already know.
I found it helpful to read about purchase agreements, home inspections, and other key points related to the actual selection and agreement on the details of the house.
Additionally I found the sections about the different types of mortgages and the full details about each type of mortgage completely explained in a way that can be understood by someone who is not in the mortgage business!
After reading the information in this book I feel so much more informed and confident about approaching the process of buying my second home.
Everyone Needs to Know How to Buy a House February 28, 2008
0 out of 3 found this review helpful
Buying a house can be so exciting particularly for a first time home buyer. The idea of actually owning one's own piece of land is incredible. However the process and the complexities of mortgages can be a confusing headache at best. The Home Mortgage Book is a really good book for getting rid of some of that confusion.
This book breaks down the mortgage process step by step. Elements beyond just the mortgage payment like escrow and mortgage points are explained. The Mortgage Book doesn't just explain mortgages but explains the entire process of buying a house. The reader learns how what to look for when inspecting a house and how to determine what type of home is right for them.
When buying a house there are so many decisions to make. Several times throughout the Mortgage Book the author helps the reader make a decision by weighing the advantages and disadvantages of that choice. Should one buy a manufactured home or not? Should one use a bank or mortgage company? Should one get a fixed or adjustable loan? The reader isn't told what to do but just given more information in order to make an informed decision.
Even if one isn't buying a house right now, it's a good book. This is simply because everyone needs to at least know what the mortgage process is like. This is just good information that every adult should know. Also if a reader has less than perfect credit, tips are given on how to improve credit. So that when one is in the market to buy that first home he or she can be knowledgeable about what to expect.
Overall this is a great book for the first time home buyer. The language is simple and thorough explanations are given without bogging the reader down in too many unnecessary details. This book is a really good idea for someone in their twenties who may have just graduated college or newlyweds wanting to start a family. Even if you're not buying a house at the moment it's just good information to know.
Much more than mortgages - an essential homebuyers' book February 13, 2008
0 out of 3 found this review helpful
While this book is primarily about mortgages, it would be wise to point out that it, in fact, covers everything from the moment that someone decides that they're going to buy a house. And, as such, it's a great step-by-step guide to the entire process.
In fact, some of the introductory chapters, on considerations before taking the plunge are as valuable, if not more, than the more detailed banking and mortgage chapters.
The style of writing is very factual and clear, which makes it useful reading, but, at times, a little dull. However, it's good, relevant, information, and comprehensive, so it's only a minor irritant.
A better title - or sub-title - for the book might have been something along the lines of "So you want to buy a house? A step-by-step guide from decision making to mortgage." Actually, the book's title doesn't even come close to doing the book justice, it's a guide for every step of the home-buying process, and, as such, has to be regarded as a very useful - if not essential - book.
The information on every step of the process is top notch, and the tables and charts invaluable. This could easily be the homebuyers' Bible.
While not many institutions would necessarily want the customer to be totally informed about the entire process, it would be good if the first step in anyone buying a home would be the compulsory purchase of this book. It's that useful.
With the financial world and mortgages under scrutiny, it would be wonderful for all considering buying a home to save themselves a lot of potential problems - and a lot of money - by first investing in this book.
Everything You Need!! February 11, 2008
0 out of 2 found this review helpful
The Home Mortgage Book is an all inclusive guide to buying your dream home. The book talks you through each step of the process and it's a good thing to keep handy. If you are thinking of buying, it's a great reference. The book also addresses if you already have a mortgage and you are considering changes.
There are worksheets to help you see where you are before you start the process. The information is good for you to read to help prepare you so that you are not taken advantage of.
If you already have a mortgage, it's a great tool to help you understand all the terms. The book even offers suggestions if you are unable to pay. It outlines what a reverse mortgage is without someone trying to sell you on something.
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