Mortgage Ripoffs and Money Savers: An Industry Insider Explains How to Save Thousands on Your Mortgage or Re-Finance
| Author | : | |
| Rating | : | 4.64 (551 Votes) |
| Asin | : | 0470097833 |
| Format Type | : | paperback |
| Number of Pages | : | 256 Pages |
| Publish Date | : | 2015-10-18 |
| Language | : | English |
DESCRIPTION:
There are many excellent "how to get a mortgage" books, but this one is vastly different, because it reveals the insider secrets even many mortgage professionals don't know. Bruss, Inman News, July 10, 2007. On my scale of one to 10, this superb new book rates an off-the-chart 12. Warren reveals what really goes on in the home-loan business to get mortgages approved, and dhow borrowers can avoid becoming victims of their lenders. -- Robert J
"Outdated" according to CAC. A phenomenal book for the time, but no longer applicable after the housing bubble and the resulting regulations. The Good Faith Estimate and Truth in Lending forms have been replaced by the Loan Estimate. The yield spread premium has been outlawed. It's essentially impossible to get a stated-income loan and much more difficult to get a mortgage with subprime credit. It's great that so . "Buy this book and learn how to save money on the largest purchase you will ever make" according to Smith. The purchase of a home is the largest expense most of us will ever face. Signing your name on the dotted line and agreeing to borrow large sums of money is daunting and intimidating. There is an entire industry focused on loaning money to home buyers. Some of the people in that industry are honest. Others are not. When you consider the tens of thousands of dollars that you could save y. J said If you are considering buying a home, make this your first home investment. I found this book to be highly informative and helpful. It does a great job of explaining how the mortgage process works as well as the roles of those in the mortgage lending business. It arms you with real useable knowledge to avoid getting ripped off or exploited. It is extremely thorough in breaking down the various tactics and tricks used by lenders and brokers to fool unwitting ho
Readers won't be victims of the mortgage industry with this invaluable resource in hand. Mortgage Rip-offs and Money Savers reveals how the mortgage industry cheats borrowers out of billions in extra costs every year. With her expert guidance, borrowers will save tens of thousands when they avoid the traps so many consumers fall into. 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. Instead, they'll get the best possible rates, avoid bogus fees, and get the great deal they deserve.. This book presents that knowledge in an interesting and easy format that anyone can understand. Having this inside information is the only way borrowers can truly get the best possible deal