Federal Debt

Mortgage Confidential: What You Need to Know That Your Lender Won't Tell You

Description

Mortgage Confidential is an insider’s look at the mortgage process for anyone concerned with getting the best deal (and not being taken advantage of) while financing their home. The book goes beyond the basics, revealing the options lenders don’t often divulge to their clients, what they really look for before they approve a loan, which costs they have control over, little-known sources of down payment money, and whether to trust loan officers recommended by Realtors. The book tells readers everything their lender won't, including how to:

* qualify for a larger loan
* avoid credit repair scams
* complete the loan application to maximize the chances of approval
* pay zero closing costs
* avoid origination charges
* determine whether paying "points" can save them money
* know when a loan officer is lying
* identify a "rip-off" loan program
* and more!

Whether looking into securing a mortgage for the first time or seeking to refinance, Mortgage Confidential gives readers the confidence and information they need to get through this complicated process and find the ideal loan for their needs.

Reviews

Rating: 4 / 5
Date: 2009-06-04
Summary: "A helpful follow-up guide to Mortgages 101"

Many of the stuff that is in this book is already mentioned in Mortgages 101. Although the title has some slightly exaggerated tone, but nonetheless, I would encourage readers to at least check it out at a local library. After all, there aren't that many mortgage resources compared to Wall Street stock market books.

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Rating: 5 / 5
Date: 2008-05-25
Summary: "Mortgage Books"

I recently ordered several mortgage books as learning and reference tools as I embark on my new career as a loan officer. I have not read any of the books from cover to cover, but they are serving me well for the purpose intended. The book arrived in a timely manner and in the condition described.

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Rating: 5 / 5
Date: 2008-02-07
Summary: "An invaluable guide."

David Reed's MORTGAGE CONFIDENTIAL: WHAT YOU NEED TO KNOW THAT YOUR LENDER WON'T TELL YOU tells everything a lender won't about what they really look for in an application before approving a loan, and is a pick for any solid real estate collection and for any who would understand the loan process. From qualifications for different size loans to avoiding scams and maximizing chances for loan approval, MORTGAGE CONFIDENTIAL is an invaluable guide.

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Rating: 5 / 5
Date: 2007-12-21
Summary: "great mortgage information"

I'd read a good review of this book before buying it, but I was surprised at how much useful information is in the book - highly recommended even if you think that you're pretty knowledgeable about mortgages.

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Rating: 4 / 5
Date: 2007-09-01
Summary: "Highly Recommended"

This is a well-written easy-to-follow book that keeps you glued to it. The only small criticisms I have are that the book really should have a bullet-point summary at the end of each chapter so readers can refer to for practical use. There is so much to remember that as written, it is not in a format enabling one to use in the real world unless you memorize everything.

Also, the book would have been more useful if it were written a few years ago. Now and in the future, some of the secrets exposed will not be applicable due to the expected overhaul of this corrupt and abusive industry. However, many things won't change. Even still, these changes will take several years. Therefore, this book is a must-read if you plan to get a mortgage. If I could, I would give it a 9 of 10 stars (instead of 4 of 5). Overall, well done. We need more books exposing the corruption and deceit by industries in America.