One of America’s top real estate authorities explains the inside secrets of the mortgage business
Each year, more than ten million American homebuyers, homeowners, and realty investors enter the mortgage arena to finance or refinance their homes and rental properties. And each year, millions of borrowers pay more than they have to. But you won’t be one of them with Gary Eldred’s 106 Mortgage Secrets All Homebuyers Must LearnBut Lenders Don’t Tell.
Eldred explains all of your mortgage options and gives you the inside information you need to make the most intelligent money-saving choices. He simplifies the complicated math of mortgage financing and tells you how to make sure your loan rep is being honest with you. He covers every aspect of the mortgage process and highlights the key criteria you should always consider when making your decision. With these 106 secrets, you’ll have the confidence and the knowledge to:
- Increase your borrowing power
- Get the lowest interest rate
- Understand ARMs
- Cut the cost of mortgage insurance
- Save big with seller financing, foreclosures, and REOs
- Perfect your credit profile
- Avoid getting taken by the fine print
- Get maximum return on your home investment
There’s no reason to get a good mortgage, when you can get the perfect one for you. Simple, concise, and comprehensive, this book covers everything mortgage hunters should knowespecially the 106 secrets lenders don’t want to reveal.
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About the Author
GARY W. ELDRED, PhD, has been a successful real estate investor for over twenty years and has served on the business school faculty at Stanford University and the University of Virginia. He is also the author of numerous real estate titles, such as the Make Money series; The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), Third Edition; Value Investing in Real Estate; The Complete Guide to Second Homes for Vacations, Retirement, and Investment; Yes! You Can Own the Home You Want; and coauthor of Investing in Real Estate, Fourth Edition, all from Wiley.
Most Helpful Customer Reviews
For 17 dollars you can arm yourself with the knowledge to ask the right questions during the mortgage hunt. For those of us not gifted with the legacy of strong financial skills this book is an excellent investment in changing that cycle for future generations. Read carefully, digest and supplement with your own research and you can begin the path to home ownership. As stated by an earlier reviewer this book is aimed at those of us with low cash reserves, credit concerns, and little access to capital, however aren't we the ones who could benefit most from this information? The process of wealth building must begin somewhere and this is as good a place to start as any. I was particularly pleased to read the debunking of many mortgage myths i've heard a million times (and I'm sure you have too!) Happy Reading!
The secrets are mostly geared to help those with bad credit, little downpayment, moderate-to-low income, etc. The author has lots of ideas for creative financing to get you into a house if you really can't afford it. But if you are in a good credit and financial situation, then a trustworthy mortgage broker can easily take the place of this book.