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Mortgages For Dummies, 2nd Edition
Mortgages For Dummies, 2nd Edition

Paperback
Edition: 2
Author: Eric Tyson, Ray Brown
Publisher: For Dummies
Release Date: 2004-08-27
ISBN-10: 0764571923
ISBN-13: 0785555887671
List Price: $16.99
Average Customer Rating:
Score = 3.5 Score = 3.5 Score = 3.5 Score = 3.5 Score = 3.5
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Summaries and Customer Reviews are supplied by Amazon.com

Summary:
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.



Customer Reviews
Average Customer Rating: Score = 3.5 Score = 3.5 Score = 3.5 Score = 3.5 Score = 3.5

a reference guide for the rest of us
Customer Rating:  Score = 3 Score = 3 Score = 3 Score = 3 Score = 3
not a book you want to purchase if you want to learn the business but great if you are a home owner.

not worth the money
Customer Rating:  Score = 2 Score = 2 Score = 2 Score = 2 Score = 2
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!

Good For Starters
Customer Rating:  Score = 3 Score = 3 Score = 3 Score = 3 Score = 3
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.

Mortgages For Dummies, 2nd Edition
Customer Rating:  Score = 4 Score = 4 Score = 4 Score = 4 Score = 4
Very well written... useful not only for mortgage shoppers but also for professionals working in fields related to Financial Services!

Saved me a fortune!!!!!!
Customer Rating:  Score = 5 Score = 5 Score = 5 Score = 5 Score = 5
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!

























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