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| 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: $9.57
You Save: $8.38 (47%)
Buy New/Used from $8.48
Avg. Customer Rating:  (64 reviews)
Sales Rank: 38048
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
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| Customer Reviews:
 A great primer on the mortgage industry February 27, 2008
2 out of 2 found this review helpful
Carolyn Warren's Mortgage Rip-Offs and Money Savers reveals the mortgage industry, warts and all, in a clear format and easily understood language. This book can easily be read in a day or two, and considering the wealth of knowledge one will obtain (and the financial wealth they could save), to not research and understand the loan process is inexcusable, and this work will painlessly do the trick. I am not a numbers individual, but after reading this book I was easily able to identify over $700 in junk fees and see that the broker illegally failed to reveal the YSP on my GFE. (If you do not understand fully what I just wrote, read this book, because your ignorance will cost you as it could have cost me.) Mrs. Warren outlines what to look for and beware of when choosing a loan and gives the reader a window of insight into the mortgage business, including both the villains and heroes, and how to distinguish between them. It also helps that she is easily available on the web (www.AskCarolynWarren.com) should issues that are addressed or not addressed in the book arise and you need further help. Except for a number of spelling typos (which, if you're like me, can be the equivalent of nails on a chalkboard), this book is a solid and informative work whose information should be shared vigorously.
Packed with insight February 15, 2008
1 out of 1 found this review helpful
As a novice looking for good advice and an inside view of mortgage buying I was delighted with Carolyn Warren's book. Knowledge is power, and this book delivers it. Her book is a good complement to "Mortgages for Dummies", which starts from the real basics. "Mortgage rip-offs and money-savers" assumes you already have a basic grasp of mortgage types, and really gives an insight into the world of mortgage selling and buying, empowering us consumers to get the best deal.
Finally....unbiased help ! February 11, 2008
4 out of 4 found this review helpful
Carolyn Warren is an angel to me. Now that I have read her book, I will be armed with tons of ammunition when I negotiate a fair deal on a mortgage. Carolyn is the only consumer advocate I have run across in my search for information on mortgages and her book is worth its weight in gold. She covers every aspect of mortgage-hunting, from finding an honest loan officer through describing and negotiating every single imaginable fee. She also describes many situations that can happen to even the smartest and most informed individual by accident or "accidentally on purpose". Paying a large sum of money over a long period of time is serious business and with the help of Carolyn Warren's expertise, consumers can be prepared for the many bumps in the road they could encounter and can save themselves a lot of money.
Read it and used the advice January 28, 2008
5 out of 5 found this review helpful
As a Realtor I'd always default to the expertise of mortgage professionals when my clients asked for advice. Now I give them a free copy of this book.
This was a very interesting and fascinating enough read that even if you're not about to get a loan, it's worth reading. You'll then want to reference it again when you are getting a loan. I just did that with a recent personal purchase of an investment property, and I was able save a couple of hundred dollars by asking for the removal of a few junk fees. It also gave me the comfort and confidence that the loan I received was a good one.
The how-to's include how to interview mortgage brokers and direct lenders, how to read good faith estimate statements, which fees are real, and which are "junk", how to compare rates, etc. I haven't read other similar books so I can't compare, but I also feel no need to look further... this book covered everything I needed to evaluate my loan, fees and lender candidates.
will save you thousands & a heroic contribution January 20, 2008
3 out of 3 found this review helpful
This book is an easy and quick read, and brutally honest explanation of the ways mortgage brokers make money from what is likely the biggest investment of your life. After reading it I bought five more for friends and collegues, one of whom was going though the mortgage process at the very same week. He said it saved him nearly $10,000 per year over if he had not read it.
In addition, the author offers an answer to one free emailed question. She spent alot of time and was able to solve a big problem for me.
I have never written a review before, but this book is an extremely important contribution to personal finance and I wanted to put in the word for it.
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