Download or read book What Consumers Need to Know about Mortgages written by Dan Melson and published by CreateSpace. This book was released on 2015-01-22 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: A step by step guider that prepares you with what you need to know about mortgages as a consumer, tells you how to cut through the nonsense, what is important and what is not Written by a working loan officer with wide-ranging experience and a decade of running a consumer education website, What Consumers Need To Know About Mortgages draws from a depth of experience dealing first-hand with issues that actual consumers have brought to the author for examination, together with common sense solutions that consumers can understand. For the numerically inclined, calculations are included but not required for understanding.

Download or read book What Consumers Need to Know About Mortgages written by Dan Melson and published by Dan Melson. This book was released on 2015-01-21 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: A step by step guide that prepares you with what you need to know about mortgages as a consumer, tells you how to cut through the nonsense, what is important and what is not Written by a working loan officer with wide-ranging experience and a decade of running a consumer education website, What Consumers Need To Know About Mortgages draws from a depth of experience dealing first-hand with issues that actual consumers have brought to the author for examination, together with common sense solutions that consumers can understand. For the numerically inclined, calculations are included but not required for understanding

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 Mortgages 101 written by David Reed and published by AMACOM. This book was released on 2018-02-08 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Questions about the mortgage process seem so complex and intimidating, yet they must be worked through achieve the American Dream of home ownership. Thankfully, this guide eliminates the confusion and stress with clear-cut answers to all your questions. How much house can you afford (or not afford)? Is every mortgage loan the same, or are there specifics to look for that meet your individual needs? How can you increase your chances of getting those almost unbelievable rates you see banks advertising? Is there any end to the paperwork? Because 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 your next home. In Mortgages 101, you will find the latest information on: Application procedures Online lenders New loan and government programs Qualifying requirements Zero-down options Guidelines for self-employed borrowers In this one-stop reference, find everything you need to know from a wide range of mortgage topics. From negotiating the best deal to saving on closing costs, Mortgages 101 supplies the answers and assistance for everything you need until the day you walk through your new front door!

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 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 Theft by Mortgage written by Michael Burdick and published by . This book was released on 2006 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: In America, billions of dollars are exchanged in mortgages every year. Over 90% of the time the consumer pays too much.

Download or read book Mortgage Confidential written by David Reed and published by AMACOM/American Management Association. This book was released on 2010-08-18 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate insider's guide to getting the best deal on mortgages... fully updated and revised!

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 Empowering Consumers with How Totorials written by John Callahan and published by EC360. This book was released on 2007 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insider secrets revealed about the sales process, and specific tutorials on how to save money. Delivering brutal honesty, this important Handbook will shock you with the truth about how much money consumers lose each year going through the current Auto, Mortgage, and Real Estate processes. The numbers are staggering, as unsuspecting consumers are overcharged more than $2.9 billion in excessive fees and inflated mortgage commissions. Add to that over a billion from inflated real estate fees and hundreds of millions in excessive auto purchase commissions. All totaled, more than $24 billion annually is pulled from consumers' pockets due to predatory mortgages, auto loans, payday loans, overdraft loans, excessive credit card debt, and tax refund loans. See exactly how these companies are stealing your money, and learn easy to follow, How-To-Torials, for big savings! At the time this book first hit press, Americans had amassed $9 trillion in mortgage debt with 33% of that being in Adjustable Rate Mortgages. Foreclosures, and bankruptcies were rising at historic rates, and consumers were being forced into credit counseling. With an expected 43% of ARM loans resetting between 2006 and 2008...this book is right on time! Millions of Americans need to know "how to" protect themselves from high fees and commissions, and it's all inside this book. Consumers now have valuable advice to use when buying a new automobile, buying or selling a home, or finding a loan. Take back control and be more engaged in your auto, mortgage, or real estate transaction. By understanding the process, you can have more control. With control, you will save money! The charts, graphs, and scripts provide a down-to-earth example of what used to be a very complex process that few understood. Now, everyone can learn the ins and outs of the three massive industries that, before John Callahan's illuminating book, had an unfair advantage over consumers.

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 The Complete Idiot s Guide to Mortgages 2nd Edition written by Edie Milligan Driskill and published by Penguin. This book was released on 2006-08-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: It pays to be in the know about mortgages. An expanded and revised version of The Pocket Idiot's Guide to Mortgages, this essential volume covers everything homebuyers and re-financers need to know. Coverage includes an overview of the application process, overcoming qualification hurdles, finding the right type of loan, when and how to refinance to save money, and much more. * Contains the forms readers need as they move through the mortgage process, including a sample application, pre-qualification forms, re-finance worksheets, and mortgage payment and amortization tables * Expanded, larger-format edition * Features all the new, creative mortgage programs that have become popular

Download or read book American Mortgage Everything U Need to Know About Financing a Home written by Trevor Rhodes and published by McGraw Hill Professional. This book was released on 2008-05-31 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addresses the latest and most compelling developments in the real estate market -including the new reality of mortgage availabilities, foreclosure investments, and tenants' rights More than 250,000 landlords, tenants, and employers annually rely upon AmerUSA Corporation, one of the nation's leading background screening companies AmerUSA offers services to tens of millions of inexperienced “everyday landlords” in the United States

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 New Mortgages for Financing Homes Need Uniform and Comprehensive Consumer Safeguards written by United States. General Accounting Office and published by . This book was released on 1981 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Your Home Loan Toolkit written by Consumer Financial Consumer Financial Protection Bureau and published by Createspace Independent Publishing Platform. This book was released on 2016-03-22 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Buying a home is exciting and, let's face it, complicated. This booklet is a toolkit that can help you make better choices along your path to owning a home.

Download or read book 7 Home Buying Misconceptions What Every Home Buyer Needs To Know written by Chris D. Bentley and published by Chris D. Bentley. This book was released on 2018-06-24 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Realtor and popular social media personality, Chris D. Bentley, provides advice and experience to assist home buyers in the purchase of their next home by shattering the seven most popular home buyer misconceptions of the past century. These misconceptions include working directly with the seller, never offering full price, the summer is the right time to buy, you have to put down 20 percent to qualify for a mortgage loan, never compete against a cash buyer, and more. Buying a house is very stressful but it doesn’t have to be. As your biggest and most expensive purchase, doing your research and due diligence could save you thousands of dollars in both time and transaction fees. This book will provide everything you need to know to separate fact from fiction in today’s real estate market.