Download or read book Introduction to Mortgages and Mortgage Backed Securities written by Richard K. Green and published by Academic Press. This book was released on 2013-11-21 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Introduction to Mortgages & Mortgage Backed Securities, author Richard Green combines current practices in real estate capital markets with financial theory so readers can make intelligent business decisions. After a behavioral economics chapter on the nature of real estate decisions, he explores mortgage products, processes, derivatives, and international practices. By focusing on debt, his book presents a different view of the mortgage market than is commonly available, and his primer on fixed-income tools and concepts ensures that readers understand the rich content he covers. Including commercial and residential real estate, this book explains how the markets work, why they collapsed in 2008, and what countries are doing to protect themselves from future bubbles. Green's expertise illuminates both the fundamentals of mortgage analysis and the international paradigms of products, models, and regulatory environments. Written for buyers of real estate, not mortgage lenders Balances theory with increasingly complex practices of commercial and residential mortgage lending Emphasizes international practices, changes caused by the 2008-11 financial crisis, and the behavioral aspects of mortgage decision making

Download or read book Mortgages For Dummies written by Eric Tyson and published by John Wiley & Sons. This book was released on 2008-11-17 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Need a mortgage but worried about the market? In Mortgages For Dummies, 3rd Edition, 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 sub-prime and adjustable-rate mortgages, finding the best lender, avoiding fiscal pitfalls and foreclosure, and much, much, more! This easy-to-understand, objective, and jargon-free guide helps you fine-tune your finances, figure out what you can afford, and improve your credit score before you go mortgage shopping. You’ll get familiar with the advantages and disadvantages of fixed- and adjustable-rate mortgages, 15- and 30-year loans, and conforming and jumbo packages. You also get help finding and working with reputable professionals, comparing programs, and securing terms you can live with. Discover how to: Match your mortgage to your financial goals Qualify for a mortgage even when money is tight Find the right loan for you Choose the best lender/broker Negotiate the best terms Calculate your costs and payments Understand and complete all paperwork Refinance an existing mortgage Understand and consider special situation loans Explore reverse mortgages and other options Decipher amortization tables and comparison worksheets Use the Internet wisely when mortgage shopping Now, more than ever, you need clear, reliable information that helps you get the mortgage you need at a price you can afford. You need Mortgages For Dummies, 3rd Edition!

Download or read book Commercial Mortgages 101 written by Michael REINHARD and published by AMACOM Div American Mgmt Assn. This book was released on 2010-05-14 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: With real estate prices at their lowest in years and the economy poised for a rebound, it’s an opportune time to invest in commercial real estate. But credit and financing issues can still pose challenges that prospective borrowers must overcome in order to get the money and mortgage terms they need. Commercial Mortgages 101 is a step-by-step guide for both real estate investors and mortgage brokers, offering insight, practical tools and a thorough overview of commercial mortgage underwriting and credit analysis. Readers will learn how to: Think and speak like a commercial real estate lender • Quickly size and under write a basic commercial real estate loan • Prepare a personal cash flow statement and calculate true net worth and liquidity • Read and interpret a lender’s preliminary loan proposal • Create a Schedule of Real Estate Owned • Prepare a persuasive and professional loan request package • Choose the right form of ownership (including LP, LLC, Co-tenancy and others) • And more Both thorough and timely, Commercial Mortgages 101 reveals what readers need to ensure their loans are approved.

Download or read book The Everything Guide to Mortgages Book written by Lisa Holton and published by Simon and Schuster. This book was released on 2008-07-01 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finding the right home can be easy. Finding the right mortgage-one you can afford-can be a challenge. You need to arm yourself with the latest information so you can make the right decision for you and your family, especially in the current housing market. In plain English, finance expert Lisa Horton shines a light on the confusing world of points, interest rates, and credit scores. Whether you're buying your first home, trading up to a larger one, or buying a rental property, you'll find all you need inside. Learn how to: Save for a down payment and prepare to borrow Understand credit reports and credit scores Deal with banks, mortgage brokers, and online lenders Refinance a mortgage The Everything Mortgage Book teaches you how lenders work, how different kinds of loans are structured, and what they're best for. You'll also learn which mortgage practices and loans you should avoid. Whether you have a great credit history or a poor one, you'll be able to get the best loan for your most important purchase-your home. Lisa Holton is the author of How to be a Value Investor, The Essential Dictionary of Real Estate, and the Encyclopedia of Financial Planning. She is a contributing writer for the Financial Planning Association on consumer finance and retirement planning issues. Ms. Holton heads the Lisa Company, a writing, editing, and research firm. She lives in Evanston, IL.

Download or read book Mortgage Loan Secrets written by Janice Szur and published by Independently Published. This book was released on 2019-05-09 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most buyers are unfamiliar with the process of getting a loan or mortgage and what it really takes to get approved. This is not only important for first time home buyers but experienced owners too. It may have been awhile since a current home owner has purchased a home and acquired a mortgage and the rules change constantly. Buyers get frustrated with all the paperwork and they feel like they are asked for the same items over and over and over again. Most buyers don't really know what buying power they have. I see both ends of the scale: people who feel they can afford twice as much as allowed, and others who could qualify for five times more than they want. Also, there are various loan programs with numerous possibilities, down payment options, and the types of lenders who are available. All these options can make your head spin. The industry is constantly changing, which can confuse a buyer. The questions I hear most often are: "What is the interest rate?" and "What is my payment?" Although both are very valuable questions, they are not necessarily the critical ones when it comes to getting a mortgage. Finding the ideal loan officer and loan program is crucial and critical in getting you through the preapproval stage, underwriting, a final approval and all the way to the closing table. As an experienced business owner and loan officer, I have read the thousands of pages of regulations, and studied the various loan programs, in order to help my buyers get into the right program, at the right time, and for the right reasons. When purchasing real estate, and obtaining a home loan or mortgage, there are so many variables that a buyer should consider. Financing your first home, second home or cottage, or investment property all require preparation on your part. Do I get an FHA, VA, RD or a conventional loan, or do I get what is called a non-qualified mortgage? Do I need to worry about PMI - and what exactly is that? Do I get a variable rate or a fixed rate? Does the length of time I plan on living in the house matter? Each state and local entity has some of their own costs and rules. After reading this book, you will have an understanding of what is needed, why you should work with a qualified and experienced loan officer, and be ready to breeze through the process and if prepared do it less than 30 days. I have even closed loans in 8 days. I will cover mortgage basics, what is a good credit score, and what are the four c's of getting a loan. What is the loan process, what is the difference between a preapproval and being prequalified. What documents will my loan officer need and what should I be doing while in process. What kind of money and where is it coming from will be discussed. What if I had some credit blips in the past, how long do I have to wait to buy a house? What options do I have for rates, length of loan and can anything change? Finally, what happens behind the scenes and what can I do now to get approved. My mantra is education, communication, and certainly having some fun along the way. Life is too short, so, you better enjoy what you are doing. Because of this, I have put together a helpful guide and reference material to assist you, the buyer, in understanding the process and to help you through that process seamlessly so you aren't pulling out your hair.

Download or read book Mortgage Myths written by Ralph R. Roberts and published by John Wiley & Sons. This book was released on 2008-02-13 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Mortgage Myths, Realtor Ralph Roberts and mortgage consultant Chip Cummings take aim at the 77 mortgage myths that prevent so many would-be homeowners and real estate investors from pursuing their dreams of homeownership. You’ll learn the difference between good and bad debt, how to make mortgage approval easier and simpler, and how to use other people’s money to leverage your investments. This is the ultimate guide to getting the great deal you deserve.

Download or read book All about Mortgages written by Garton-Good, Julie and published by Kaplan Publishing. This book was released on 1999 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: All About Mortgages delivers straightforward information in an easy-to-understand, question-and-answer format that meets the needs of all players -buyers, sellers and agents. This new edition includes a resource guide listing Internet sites, as well as names and contact information for consumer lending organizations and other valuable consumer resources.

Download or read book The Mortgage Encyclopedia The Authoritative Guide to Mortgage Programs Practices Prices and Pitfalls Second Edition written by Jack Guttentag and published by McGraw Hill Professional. This book was released on 2010-05-14 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: The bestselling one-stop guide to mortgages—updated for the post–housing crisis market! The Mortgage Encyclopedia demystifies all the various mortgage terms, features, and options by offering clear, precise explanations. Fully updated to address the new realities introduced by the housing crisis of 2007, The Mortgage Encyclopedia provides not just a complete description, but also in-depth discussion of the issues that may affect you, whether you're a homeowner (or homeowner-to-be), real estate agent, loan provider, or attorney. With this handy, comprehensive guide on hand, you have instant access to: Definitions and explanations of common mortgage-related terms, as well as arcane mortgage terminology, listed alphabetically Expert advice on the most pressing issues, such as whether to use a mortgage brokers, the benefits of paying points versus a larger down payment, and the hazards of cosigning a loan The truth about common mortgage myths and misperceptions—and the pitfalls you need to avoid Helpful tables on affordability, interest cost of fixed-rate versus adjustable rate mortgages, and much more So the next time you ask yourself such questions as "Is this FHA loan right for me?" or "Can I negotiate this fee?" reach for this indispensable guide and get the fast, accurate information you need!

Download or read book Mortgage Truths written by Ernest Wood and published by Booklocker.com. This book was released on 2004-10 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives readers helpful, money-saving details not only on how mortgage brokers get paid and what readers are paying for, but all the different mortgages out there.

Download or read book Mortgage Management For Dummies written by Eric Tyson and published by John Wiley & Sons. This book was released on 2017-06-12 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quickly make sense of mortgages Taking out a mortgage to purchase real estate is a huge decision, one that could affect your family's finances for years to come. This easy-to-follow guide explains how to secure the best and lowest-cost mortgage for your unique situation. Whether you select a 15- or 30-year mortgage, you'll get all the tips and tricks you need to pay it off faster—shortening your payment schedule and saving your hard-earned cash. Fine-tune your finances Qualify for a mortgage Secure the best loan Find your best lender Refinance your mortgage Pay down your loan quicker Must-knows about foreclosure Top mortgage no-nos

Download or read book Mortgages 101 written by David Reed and published by Amacom. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Everything you need to know before you borrow... Unless you're sitting on a pile of cash, chances are you'll need to take out a mortgage when you're ready to buy a home. But how do you know how much house you can afford? What should you look for in a loan? What kind of paperwork is needed . . . and how do you improve your odds of getting a great rate? Mortgages 101 eliminates the confusion and stress with clear-cut answers to all your questions. Updated to reflect the enormous changes in the mortgage market in recent years, Mortgages 101 is the all-in-one reference you've been looking for. Covering a wide range of topics-from negotiating the best deal to saving on closing costs-this revised third edition provides the latest information on: Application procedures * Online lenders * New loan and government programs * Qualifying requirements * Credit strategies * Down payment assistance and zero-down options * Guidelines for self-employed borrowers * Bankruptcies and waiting periods * Refinancing and home equity loans * Consumer Financial Protection Bureau rules * The Ability-to-Repay mandate * And much more This is THE book you need to read before you sign on the dotted line.

Download or read book Enter the Mortgage Dragon written by Jim Seibert and published by Page Publishing Inc. This book was released on 2021-05-12 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Enter the Mortgage Dragon: True Facts from a Mortgage Industry Insider with a Personal Tell-All is a compelling personal story about a man who overcame extreme adversity to succeed in the lucrative mortgage industry. This comes with great tips along the way and the pitfalls to avoid when it comes to the department of business oversight. You do not have to have an Ivy League education to succeed in this line of work or any other field in which "by referral only" is the dream goal. Enter the Mortgage Dragon is unlike any book on the subject, as it gives the reader a very personal journey while at the same time covers every important aspect in the industry. A few of the key takeaways include the following: The importance of understanding the various loan programs to assess what works best for you as a consumer or your client How down payments, credit, and income affect a mortgage Why customer service is crucial in achieving lending industry success Understanding credit and mistakes a consumer should not make during the loan process How to avoid the department of business oversight You are guilty until proven innocent How to effectively use the internet when it comes to the lending industry Best practices a mortgage loan advisor should keep-marketing and beyond Learn from author Jim Siebert, a previous top achiever in this field, through the journey of his childhood and personal relationships, his passion for U2, and the years that have had a profound effect on his career. Be prepared to be inspired while learning the important tools to succeed!

Download or read book The Complete Dictionary of Mortgage Lending Terms Explained Simply written by Atlantic Publishing Group and published by Atlantic Publishing Company. This book was released on 2011 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lenders and prospective home buyers alike have turned their attention to financial news, carefully watching the market since the 2007 housing and credit crisis. Recently, mortgage rates continued to drop to historic lows, changing on a daily basis. With their fluctuating rates and the current economic climate, mortgages are as complicated as ever. Anyone interested in acquiring a mortgage, refinancing a current mortgage, or starting a business career in lending has probably heard financial professionals use unfamiliar terms. But, with a little help from this comprehensive dictionary, you can easily converse with professionals and understand industry jargon. The Complete Dictionary of Mortgage & Lending Terms Explained Simply explains all the important financial terms you will encounter as you navigate the mortgage market. With easy-to-understand definitions, this dictionary covers everything from accrued interest to wraparound mortgages. It covers types of mortgages, parts of loan agreements, types of insurance, and even home-inspection terms. This resource uses simple language to describe the many concepts it covers, ensuring that even those without any financial or real estate experience will understand the definitions. With more than 1,800 terms, this dictionary allows you to understand almost every term you come across during your encounter with the lending process, whether you are researching the difference between trusts and liens or examining a prospective home s features. In addition to outlining terms associated with lending, it also includes information about important legislative acts and federal agencies that affect financing. The handy A-to-Z organization allows you to quickly find any information you need, even during nerve-wracking negotiations. The definitions also include any abbreviated forms of the terms, so you will be able to tell your ARMs (adjustable-rate mortgages) from your REITs (real estate investment trusts). This guide defines the players, the problems, the process, and the procedures. Whether you are looking to buy a home, trying to refinance, taking a finance class, or simply curious about the mortgage and lending industry, this dictionary is an indispensable guide to the many terms, tools, and agreements you will encounter at every step of the complex lending process. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president's garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

Download or read book Mortgages Made Easy written by Bruce Brammall and published by John Wiley & Sons. This book was released on 2015-05-04 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structure your mortgage for a more secure, more profitable property investment Mortgages Made Easy is the definitive guide to getting the optimal mortgage for your home or investment property purchase. Bestselling author, mortgage broker, and financial advisor Bruce Brammall, aka Debt Man, walks you through the process in his trademark style, giving you all the information you need to buy a property and finance it right. Success in real estate is as much about having the right debt structure as it is about buying quality property, and this book shows you how to build the financial fortification that is critical to your long-term security. You'll learn how to set yourself up for success before you even begin to house hunt, and how to approach investment properties differently from your own home purchase. Brammall guides you step by step through the loan and purchase, equipping you with the knowledge you need to make your property work in your favor. Property and debt are inseparable in the beginning, but what most people don't know is that accruing debt correctly plays a crucial role in the financial success of the property. This book explains it all, with practical advice and guidance throughout the process. Learn why debt is necessary and property is so popular Navigate the big choices that buying property entails Discover the critical differences between homes and investment properties Get mortgage-ready and examine loan structure options Given his qualifications, Brammall intrinsically understands the point where property, debt, and investment intersect, as well as their broader role in your wealth-creation plans. Your home is your castle, and a major part of your future security – it's important to set it up right. For savvy advice from an expert perspective, Mortgages Made Easy is the property buyer's mortgage manual.

Download or read book How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye written by M. S. Elysia Stobbe and published by . This book was released on 2015-06-25 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Did you know that over 50% of mortgages don't close? Do you know how much home you can buy? Do you know how much paperwork in involved? Most people don't know how much home purchasing power they have, how much to expect for closing costs (varies by state), or how much paperwork is involved when applying for a home loan. Most people have no idea the difference between loan programs from bank to bank, lender to lender, or broker to broker- or what the differences are between the main types of residential mortgage providers. Most people have no criteria for choosing a lender, the type of loan to seek, or how much down payment is best for them. For example, are there differences between the types of property that may affect down payment? The mortgage industry is packed with nuance, which can lead to confusion for the consumer. While trying to buy a home, you may have people from many different professions telling you what you should do and how to make decisions-who should you listen to in which situations? Your most personal financial information is critical to the mortgage process and yet do you know who you are sending it to? What about mortgage insurance? Why is it required and when? The two questions I most often hear are: "What's the payment?" and, "What's the interest rate?" While these questions are important, there are several other questions that are just as critical: what is the right loan type for me; is there an up-front funding fee for this loan; what are the differences in available mortgage insurance; how will property type restrictions affect my loan; what are the pros and cons of this loan; what is the down payment requirement with this loan choice over another; what are the closing costs associated with each loan type; and, who is allowed to pay the closing costs? Successfully navigating the maze of questions, regulations, and requirements ultimately leads to a mortgage closing. Through over ten years of experience, thousands of clients, hundreds of Realtor and builder transactions (time line constraint purchases), and, as a licensed loan originator in 9 states and the District of Columbia, I have developed a wealth of knowledge about regulations and requirements. My commitment to client service and caring about their home buying experience has driven my passion for the individual personal experience in the mortgage industry and how the regulations and requirements affect real people in real time. With this book I'm privileged and excited to share my knowledge and experience with you. After reading this book, you will have an understanding of the big corporations that loan money to homebuyers, what other options you have and how to navigate government regulations and requirements to your advantage. I feel that an educated consumer is my best customer and I am happy to share these mortgage tools and tips with you in the hopes that you educate yourself and find the best mortgage and the mortgage professional that is right for you. In addition, I want you to know what to expect, what to ask, and, who to ask to get the answers you want and to understand what those answers really mean. With each chapter I will guide you through the mortgage process, from choosing between different loan types, to understanding the difference between a Good Faith Estimate and an Itemized Fee Worksheet, to the necessity of submitting certain documents in a particular method, and finally how to enter Closing Day stress-free and knowing that you have gotten the mortgage that makes the most financial sense for your future. The goal is to help you get the best mortgage possible for your individual needs and get to closing on time, stress free!

Download or read book A History of Mortgage Banking in the West written by E. Michael Rosser and published by University Press of Colorado. This book was released on 2017-10-15 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part economic history, part public history, A History of Mortgage Banking in the West is an insider’s account of how the mortgage banking sector worked over the last 150 years, including analysis of the causes of the 2007 mortgage crisis. Beginning with the land and railroad development acts that encouraged settlement in the west, E. Michael Rosser and Diane M. Sanders trace the laws, institutions, and individuals that contributed to the economic growth of the region. Using Colorado and the west as a case study for the nation’s economic and property development as a whole since the late nineteenth century, Rosser and Sanders explain how farm mortgages and agricultural lending steadily gave way to urban development and housing mortgages, all while the large mortgage and investment firms financed the development of some of the state’s most important water resources and railroad networks. Rosser uses his personal experience as a lifelong practitioner and educator of mortgage banking, along with a plethora of primary sources, academic archives, and industry publications, to analyze the causes of economic booms and busts as they relate to real estate and development. Rosser’s professional acumen combined with Sanders’s research experience makes A History of Mortgage Banking in the West a rich and nuanced account of the region’s most significant economic events. It will be an important work for scholars and practitioners in regional and financial history, mortgage market practice and development, government housing and mortgage policy, and financial stability and of great significance to anyone curious about the role of the federal government in national housing policy and the inherent risk in mortgages.

Download or read book 106 Mortgage Secrets All Borrowers Must Learn But Lenders Don t Tell written by Gary W. Eldred and published by John Wiley & Sons. This book was released on 2007-12-10 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The only guidebook that shows you how to finance any property--with or without bank approval Would you like to discover all of the many ways that you can finance real estate? Want to learn how to cut your financing costs, avoid pitfalls, and negotiate the best terms? Then let Gary Eldred's 106 Mortgage Secrets All Borrowers Must Learn--But Lenders Don't Tell, Second Edition guide you. Fully updated, this practical guide explains how today's changing mortgage market really works. Unlike other mortgage guides, this book goes beyond traditional bank-originated loans and shows you how to benefit with seller financing, assumables, subject-to, wraparounds, lease options, foreclosures, and other money-saving possibilities. 106 Mortgage Secrets also protects you from the sharp practices of loan reps that have recently sparked Congressional hearings and multiple state investigations. In addition, Eldred shows how and why the right financing decisions can add tens (and sometimes hundreds) of thousands of dollars to your long-term net worth. With these 106 secrets, you'll build the confidence and the knowledge to: * Increase your borrowing power * Obtain the lowest interest rate * Understand the true pros and cons of ARMs * Cut (or eliminate) the cost of mortgage insurance * Save big with seller financing, assumptions, foreclosures, and REOs * Strengthen your credit profile and credit score * Avoid getting taken... by the fine print and garbage fees * Steer clear of scams and unprincipled loan reps and lenders * Accumulate wealth through homeownership and investment properties Simple, concise, and comprehensive, this book reveals everything property buyers need to know--especially the 106 financing secrets lenders too often omit.