By: David Reed
Publisherborder: Amacom
ISBN: 081440166X
EAN: 97808144016689780814401668
Release Date: 01 August 2008
Age Range: 15+ years
Number of Page: Undefined number of pages
Language: English
Quality: Scanned pages
Size File: Not defined
Description: With mortgage stories dominating the front-page news, people - whether they`re buying a new house or refinancing - increasingly have questions about the complicated issues at stake. Arranged in an easily accessible question-and-answer format, "Mortgages 101" provides readers with essential lending formulas, as well as important information on lending requirements and application procedures. This revised edition includes up-to-date material on new loan and government programs, changes to the law regarding tax deductions, down payment assistance, bankruptcy, and more - in short, all the answers readers need, in one must-have reference.

About the Author

David Reed (Austin, TX) is a seasoned mortgage banker and a columnist for Realty Times and Mortgage Originator gazine. He is the author of Mortgage Confidential (978- 0-8144-7369-6), Your Guide to VA Loans (978-0-8144-7435-8), Who Says You Can`t Buy a Home! (978-0-8144-7340-5), and Your Successful Career as a Mortgage Broker (978-0-8144-7370-2).

Reviews

It`s hard to believe that someone could come up with 250 questions to ask about mortgages, so give seasoned loan officer Reed some credit. He starts with the basics, like renting vs. buying, and continues through the closing process. His concise answers are often followed by "tell me more" sections. Reed spends a lot of time going through the specifics on various types of forms, which would seem helpful for those in the midst of the process. He also offers insights into what`s going on behind the scenes. For instance, he explains how loan officers might drag their feet on locking in your rate as they look for market gains for themselves. For those wanting to "shop" online, an entire chapter is devoted to the Internet and mortgages. Refinancing and home equity loans get coverage, too. The monthly payment schedules and glossary make trusty reference tools. Though a number of books cover mortgages for consumers, this helpful how-to is distinguished by its "Socratic" style; many web-savvy readers will benefit from the familiar FAQ format. A welcome addition to public library business collections.-Carol J. Elsen, Univ. of Wisconsin Libs., Whitewater Copyright 2004 Reed Business Information.

"Reed follows the question-and-answer format and covers just about every issue that can come up, from how much to put down to the various types of mortgages available. Perhaps the best thing Mr. Reed does is explain, simply, how banks determine your creditworthiness." --"The New York Times "