Learn what the lending pros know and be in control of your home financing.
With updated information on new types of loans
From adjustable-rate mortgages to balloon loans, this friendly, easy-to-understand guide helps you find your way through the home-financing jungle. Bestselling real estate authors Eric Tyson and Ray Brown cover everything you need to know about the mortgage game and show you step-by-step how to get the best possible deal.
Read by Brett Barry
Amazon.com Review
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
Review
"Fun-to-read... Deciphers mortgage mumbo-jumbo." --San Jose Mercury News "A favorite... Fun reading and informative." --Minneapolis Star Tribune "Objective, down-to-earth... A book I wish I'd read before purchasing my first lemon-of-a-home." --Wilmington News Journal "Invaluable information, especially for the first time home buyer." --Fort Worth Star-Telegram
"Fun-to-read.... Deciphers mortgage mumbo-jumbo." —San Jose Mercury News
"A favorite.... Fun reading and informative." —Minneapolis Star Tribune
"Objective, down-to-earth.... A book I wish I'd read before purchasing my first lemon-of-a-home." —Wilmington News Journal
"Invaluable information, especially for the first time home buyer." —Fort Worth Star-Telegram
From the Back Cover
The proven guide to getting the best mortgage — and surviving today's lending crisis
Need a mortgage, but worried about the hostile market? Bestselling authors Eric Tyson and Ray Brown give you proven solutions for obtaining a mortgage, whether you want to buy your first home, refinance, or tap into your equity. You get the latest on subprime and adjustable-rate mortgages, finding the best lender, avoiding fiscal pitfalls and foreclosure, and much, much more!
Why this book is different — two real estate experts give you objective, jargon-free advice that takes into account your financial goals
Fine-tune your finances — evaluate your expenses, calculate what you can afford, and improve your credit score
Find the right loan for you — from fixed- and adjustable-rate to 15- to 30-year to conforming and jumbo, weigh all your options
Choose the best lender/broker — interview and work with the cream of the crop, compare programs, and negotiate loan terms
Consider special situation loans — from home equity to co-op to balloon loans, understand the tax consequences and legalities
Handle refinancing and reverse mortgages — decide if you should explore these options, crunch the numbers, and save money
Get helpful resources — recommended mortgage Web sites, loan amortization tables and comparison worksheets, and more
Open the book and find:
How to qualify for a mortgage
Ways to lower your interest rate
Updated worksheets and tools for calculating mortgage costs and payments
New information on foreclosures
Tips for saving tax dollars
Interview questions to ask lenders/brokers
Expert guidance in completing all paperwork
The dos and don'ts of using the Internet
