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 Location:  Home » Real Estate » General » Mortgages For Dummies, 2nd EditionSeptember 5, 2008  


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Mortgages For Dummies, 2nd Edition
Mortgages For Dummies, 2nd Edition
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Authors: Eric Tyson, Ray Brown
Publisher: For Dummies
Category: Book

List Price: $16.99
Buy New: $4.49
You Save: $12.50 (74%)
Buy New/Used from $3.16

Avg. Customer Rating: 4.5 out of 5 stars(18 reviews)
Sales Rank: 25747

Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Edition: 2
Number Of Items: 1
Pages: 312
Shipping Weight (lbs): 1
Dimensions (in): 9.1 x 7.3 x 0.7

ISBN: 0764571923
Dewey Decimal Number: 332.720973
UPC: 785555887671
EAN: 9780764571923
ASIN: 0764571923

Publication Date: August 27, 2004
Availability: Usually ships in 1-2 business days

Editorial Reviews:

Product Description
For typical homeowners, the monthly mortgage payment is either their largest or, after income taxes, second-largest expense item. When you?re shopping for a mortgage without the proper knowledge, you could easily waste many hours of your time in addition to the financial losses suffered by not getting the best loan you can. Choosing the right mortgage can help you save money for more important financial goals such as higher education and retirement.

Mortgages For Dummies, Second Edition is for anyone who needs a loan to buy their first home, wants to refinance their existing mortgage, or would like to tap into the equity they?ve built up. Updated to include the very latest on every kind of loan, this friendly, easy-to-understand guide will help you:

  • Shop for the best home-purchase mortgage
  • Overcome loan qualification obstacles
  • Negotiate lower loan fees and closing costs
  • Save by refinancing the house
  • Increase retirement income with a reverse mortgage

Once you select the right mortgage for your situation, you can explore, step-by-step, how to get the best possible deal. Mortgages For Dummies, Second Edition also covers the following topics and more:

  • Determining your borrowing power
  • Qualifying for a mortgage
  • Locating and selecting a loan
  • Finding the best lender and options
  • Tackling loan paperwork
  • Refinancing and other money makers

For most of us, the mortgage field is jammed with jargon and fraught with fiscal pitfalls. It?s up to you to seek the knowledge necessary to make your mortgage process more rewarding. This handy guide shows you everything you need to know to find your way through the home financing jungle and make the best decisions possible.

Amazon.com
For many of us, the single biggest financial transaction is buying a house. Even more significant than the hefty down payment we fork over is the 15- to 30-year mortgage that needs feeding every month. If you have this much at stake, a little knowledge can go a long way, which is where Eric Tyson and Ray Brown come in. In Mortgages for Dummies, Tyson and Brown (who also wrote Home Buying for Dummies and House Selling for Dummies) provide a comprehensive introduction for anyone who is contemplating a mortgage. The book tells you how to evaluate your creditworthiness, determine your borrowing power, and shop for a lender, as well as covering the various types of loans. The authors also devote a section to refinancing and discuss what you should consider when prepaying a loan. They include amortization and remaining-balance tables, and a useful glossary. Whether you're a first-time home buyer or are just looking to refinance, you'll find this a valuable, easy-to-use guide. --Harry C. Edwards


Customer Reviews:   Read 13 more reviews...

2 out of 5 stars not worth the money   April 5, 2008
  0 out of 1 found this review helpful

I learned nothing from this book that I didn't already know. After talking with friends and family and finding a good mortgage banker I trusted, I knew what I needed to. I was very disappointed in it!


3 out of 5 stars Good For Starters   May 22, 2007
  2 out of 2 found this review helpful

The book touches on the very basics of buying a home. Lots of industry terms defined - this solves a communication barrier to often seen in this industry. Often times, some lenders forget to check the literacy of there clients and breeze through the whole process without defining some key terms. With this book, loan officers/brokers/agents and clients are on the same page.

First time buyers who read this book will feel a little more confident, especially with reading articles and books pertaining to buying/investing in a home.



4 out of 5 stars Mortgages For Dummies, 2nd Edition   May 18, 2007
Very well written... useful not only for mortgage shoppers but also for professionals working in fields related to Financial Services!


5 out of 5 stars Saved me a fortune!!!!!!   May 1, 2007
  1 out of 1 found this review helpful

This book saved me about $22,000 when I purchased my house. It prepared me to know what to look for and what to ask for when searching for a mortgage! I had purchased the home buying for dummies book and while reading that I learned I needed to know so much more about the financing aspect. Since it was my first home purchase I was clueless. This book walked me through and helped me discover what my personal needs were. I found my dream house, a perfect fit mortgage, and closed all in 2 weeks. AMAZING!


3 out of 5 stars very little substance   April 29, 2007
  1 out of 7 found this review helpful

As a first-time homebuyer, I was looking for some in-depth knowledge of mortgages. This wasn't it. It gave a very broad overview and told me very little that I didn't already know. It is fine for the true dummies out there.


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