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| The Banker's Secret | 
 enlarge | Author: Marc Eisenson
Publisher: Villard
Category: Book
List Price: $14.95
Buy New: $0.01
You Save: $14.94 (100%)
Buy New/Used/Collectible from $0.01
Avg. Customer Rating:  (10 reviews)
Sales Rank: 855076
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 232
Shipping Weight (lbs): 1
Dimensions (in): 8.5 x 5.8 x 1
ISBN: 0394586042
Dewey Decimal Number: 332.7220973
EAN: 9780394586045
ASIN: 0394586042
Publication Date: March 24, 1990
Release Date: March 24, 1990
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
An extraordinary and amazingly simple book that teaches you how to save at least tens of thousands of dollars when you prepay your mortgage, The Banker's Secret offers about forty pages of simple-to-follow text and loads of helpful charts.
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| Customer Reviews: Read 5 more reviews...
 Too many tables September 26, 2008
You really don't need this book to do this on your own. Just print out a mortgage amortization table. If you don't know how to do this, contact your mortgage company and ask them to send it to you. Next, look at your most recent mortgage statement and find your current/remaining balance. Find this number in the amortization table. If you can't find it exactly, find the number that is just greater than it. Now you know where you are in your loan and you can see how many more payments you have. By paying extra principal, you move down the table. The more you pay, the faster you move. That's the secret.
 Bankers have only 1 Secret? July 26, 2007
Disappointed, this book does discuss paying your mortgage off early and gives you the technique to accomplish that, but a whole book for this one technique? I wouldn't purchase it again, skim it at the bookstore. Discuss the method the book gives with your mortgage holder - some won't apply your money in the way the book notes. They don't have to, if you signed a paper at closing in which the bank stated a different method of applying your extra money. Remember that stack of papers you signed, look through them and see if there is one that shows how the bank will apply extra payments, even ones marked principle only.
 Good, money-saving information September 9, 2005
2 out of 2 found this review helpful
If you want to save money on your mortgage and actually know how much money you will save, this is the book for you. There are - I don't know how many - charts that show mortgage amount, interest rate, and interest paid. Use these charts to decide how much you can save over the life of your mortgage. Very worthwhile book.
Not much of a secret October 31, 2001
9 out of 20 found this review helpful
Here is what this book says. Paying your mortgage off faster than your payment schedule will save you tens of thousands of dollars. True, but what is the time value of that money you spent on your mortgage? Could you have "made" more in the stock market or somewhere else? Yet the author belabors the point ad nauseam, giving examples about how much you can save paying a little more per month. Basically, he does not give the full story. When you pay off your loan early, you are also paying a net higher interest rate. Scim this book at the bookstore. The best secret is not buying this book!
 Could have contained more secrets August 17, 2001
9 out of 17 found this review helpful
Pretty much everything that was said in this book was in my first choice (Invest in Yourself: Six Secrets to a Rich Life). If I would have known the book as going to be more than 80% tables, I would have never ordered it. Most of the information contained in this book can easily be found on the web. Needless to say, I was very disappointed with this book. I guess that's what happens when you buy online as opposed to in a bookstore. I could have flipped through this book in 20 or 30 seconds and realized that most of the pages were tables that needed more detail. What I found funny is that I received this book 2 whole days before I received my first choice and that's because my first choice supposedly was shipped before my second choice.
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