The New Rules for Mortgages
THIS BOOK IS the latest and most current how-to book on how to get the best mortgage and the lowest interest rate out there….. The book is short, around 200 pages, so there is no room for fluff or filler. It is easy to read, set up in chapters and short essays on specific topics. A how-to book on real estate written by an attorney, 20 year veteran in the mortgage industry AND a college level professor. The material is a combination of her classroom format, her every day knowledge and expertise combined with real life experiences to bring the point home. This works and you will love it!
A few interesting and favorite topics covered in 300 words or less: * What are the new guidelines for FICO scores and loan to values and how do they affect mortgage rates? * What is Rapid Rescore Response and can it really improve your credit score in 48 hours? * How to get money from your 401k without a penalty * When can a loan from my father-in-law be called a gift? * Why is now so important to show as much money in reserves as you can? * PMI v self insured. Which one is the bigger rip-off? * What will it now cost you to refinance your home and pull cash out? * Appraisal fraud and how is it affecting the value of your home * What is an appraisal contingency clause vs. a mortgage contingency clause and how can you lose your deposit if you do not know? * Points, origination fees, discount fees and broker fees. How do you avoid them all? * What really affects the mortgage rates? * Where do you find the best lawyer in town?
Rating:
(out of 19 reviews)
List Price: $ 14.95
Price: $ 2.39


Review by Marian H. Gordon for The New Rules for Mortgages
Rating:
As a current homeowner interested in moving up, naturally I would want to learn what I would need to know before I begin the process. With all the craziness in the real estate industry and the mortgage market, I wanted to bone up on the new rules. The title of this book was catchy and the release date was current enough that it would catch a lot of the newer rules.
The New Rules for Mortgages is a book worth 5x its purchase price, 10x it weight in gold and would probably save a new homeowner’s butt and stop someone from making big mistakes. The author is an active loan officer and lawyer, so she speaks from her daily experience. The book is a quick read, because she gets to the point. As the ad says- concise and no fluff! Anybody who is new to buying a home or has been down the real estate road before should buy this before they begin shopping around. I have much more knowledge than I did before and feel that I am now armed with the language and knowledge to speak intelligently and not get taken advantage of.
I would strongly recommend this book – it has great information and is an easy read.