 | | |
| Mortgage Ripoffs and Money Savers: An Industry Insider Explains How to Save Thousands on Your Mortgage or Re-Finance | 
 enlarge | Author: Carolyn Warren
Publisher: Wiley
Category: Book
List Price: $17.95
Buy New: $9.83
You Save: $8.12 (45%)
Buy New/Used from $8.59
Avg. Customer Rating:  (66 reviews)
Sales Rank: 44668
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 256
Shipping Weight (lbs): 0.7
Dimensions (in): 8.9 x 5.9 x 0.9
ISBN: 0470097833
Dewey Decimal Number: 332.7220973
EAN: 9780470097830
ASIN: 0470097833
Publication Date: May 4, 2007
Availability: Usually ships in 1-2 business days
|
| Editorial Reviews:
Product Description
Mortgage Rip-offs and Money Savers reveals how the mortgage industry cheats borrowers out of billions in extra costs every year. Mortgage industry insider Carolyn Warren taps her decade of experience with lenders to expose the tricks, lies, and dirty little secrets they don't want you to know. With her expert guidance, borrowers will save tens of thousands when they avoid the traps so many consumers fall into. Having this inside information is the only way borrowers can truly get the best possible deal. This book presents that knowledge in an interesting and easy format that anyone can understand. Readers won't be victims of the mortgage industry with this invaluable resource in hand. Instead, they'll get the best possible rates, avoid bogus fees, and get the great deal they deserve.
|
| Customer Reviews: Read 61 more reviews...
You're lucky you found this book. December 22, 2008
1 out of 1 found this review helpful
We are trying to buy our first home. I felt like a grammar school student in college as I approached lenders to finance our purchase. Quickly I sought knowledge to recognize a forthright lender. Mortgage Ripoffs and Money Savers bestows such understanding and confidence that I soon pleasantly sifted through the chaff to find the wheat. Yes I found a ROCKSTAR! (a lender that passed the tests Carolyn sets forth to find a great rate and great terms).
Shopping for a mortgage can be more difficult than finding the right home. Several lenders turned out to be slick used car salesman types. Keep in mind that when you are buying a house you are buying two things, the house and the mortgage. Moreover, the cost of the mortgage (the total interest paid over the life of the loan) is most often greater than the cost of the house. So, getting a good deal on the mortgage is VERY important and requires a forthright lender. Once I found a lender that I had a fair amount of trust in I started to relax and enjoy the idea of buying our home.
Mortgage Ripoffs and Money Savers was an easy read. I read the book in two days. It is easy to understand and I enjoyed reading it. Write notes and use sticky notes to mark the pages you find most important. There is no doubt that this book saved me THOUSANDS.
I also recommend Mortgages for Dummies and Home Buying for Dummies. Mortgages for Dummies answered the basic questions like what are the pros and cons of using a direct lender VS mortgage broker. I also highly recommend buying the weekly poles of mortgage rates in your area from HSHdotCOM (not easy to find on their site - just call its easier) HSH provides an accurate list of very competitive mortgage rates in your area for about ten bucks, they've been providing industry grade data for 30 years. Also, publications like The New York Times, WSJ, BusinessWeek etc... often use HSH as a source of objective financial data. You can use one of the lenders on the list as your bank or use the information to compare your quoted rates with.
However, if I had to choose just ONE source of information to help me buy a mortgage it would defiantly be Mortgage Ripoffs and Money Savers. You're lucky you found this book.
 More hype than substance December 3, 2008
0 out of 1 found this review helpful
An interesting book with some some amusing anecdotes. But generally, more hype than substance. She could have summarized the book in about 10 pages. Good for entertainment though.
Excellent book! October 27, 2008
Very helpful book on mortgages. Very well put together and an easy read. Great job Carolyn and thanks for the tips!
Wow, this will save some money! October 12, 2008
1 out of 1 found this review helpful
I am doing my research before buying a my first home, and found this to be one of the highest rated home buying books on Amazon, so decided to give it a shot. All I can say is wow!
Carolyn goes through every step of the mortgage process, describing what documents to request, how to tell if they are complete, and questions to ask. She tells you how to protect yourself by requesting written guarantees about closing costs, how to spot junk fees, and a slew of other great information.
Her advice about loan types is particularly timely given the financial mess in the world. She describes sub-prime loans, and the risks that are associated with them. The greed of the lenders, and the delusions of the borrowers is quite illuminating.
Carolyn also offers services to review your documents, and will answer questions through her website. I haven't taken advantage of either yet, but when the time comes I will.
I plan to re-read this book when I get closer to making a purchase, unless I luck into an honest mortgage professional immediately it will save me money, no doubts.
I highly recommend this book. Even if reading it only allows you to cross off one junk fee, it will have paid for itself many times over.
Carolyn Excels As a Mortgage Coach September 18, 2008
1 out of 1 found this review helpful
Can somebody please clone Ms. Warren? We can all benefit from her in-dept knowledge and experience of mortgage issues, not to mention making a perfect life-coach. Being that I'm a novice in the mortgage world, she has illuminated all the tips and tricks of securing the best mortgage for the money. This is fair-warning for people who don't buy this book before they take their first mortgage or even re-finance. You *WILL* be sorry!
|
|
|
Powered by Associate-O-Matic
| | |