The New Rules for Mortgages
Product Type: eBooks
Product Price: $14.95
Manufacturer: Alpha
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Description
New rules in the housing market call for a new rulebook...
A wealth of info for consumers and mortgage professionals.
In the current credit environment, rules have changed for prospective home buyers-and this book explains them. Beginning with what makes up a FICO score, how to improve that score, and how to show a better credit profile; The New Rules for Mortgages explains the new credit guidelines that apply to mortgages. It sheds light on issues that can arise with appraisals, title searches, and home in-spections, and provides hard-headed advice. Using real- world examples, it covers the home buying and financing process in every situation, providing tips and exposing secrets that enable readers to improve their current or future position in the housing market.
A must-have for home buyers and homeowners in-terested in refinancing, The New Rules for Mortgages also belongs on the reference shelves of realtors, financial planners, and attorneys.
Contents
1. The All-Important Credit Score
2. Income: Yeah, You Need That!
3. Money Matters
4. A Good Look at the Property
5. What Mortgage Is Best for You?
6. Where to Get the Best Mortgage
7. The Loan Process
8. Interest Rates, Closing Costs, and the Closing
9. Types of Property
10. Protecting Your Homeownership: Divorce, Dispute, and Death
11. You Are a Homeowner!
Reviews
Rating: 5 / 5
Date: 2010-06-28
Summary: "New Rules for Mortgages"
This book is light in weight but heavy in information. Jam packed with insightful hints and anecdotes that give any one who is really interested in undertanding what criteria loan officers consider when processing home mortgage loans.
Dale Robyn Seigel is engaging and very knowledgeable in the home loan industry, as CEO of her own company, Circle Mortgage Group, she helps hundreds of her clients to secure the best possible loans available for all types of homes.
Her writings help her readers focus on the topics that are most important to understand without any unnecessary words or boring writing. The content remains relevant because she stays abreast of the market trends on a daily basis as she continues to help write policies for the home mortgage loan industry.
I learned many valuable insights and industry perspectives. I am glad that I choose this book. I recommend it for everyone, whether you're a beginner looking to establish new credit or a seasoned pro who is looking to purchase your second vacation home. Its easy reading and style format makes this book informative and fun to read, a must have.
The New Rules for Mortgages
Rating: 5 / 5
Date: 2010-05-15
Summary: "Superb book of practical information"
Ms. Siegel provides the reader with an up-to-date and concise understanding of current credit and mortgage practices. The book is useful for both the first-time and the experienced potential home buyer.
The book is beautifully organized into concise and practical information which is comprehensible and current. The author provides step-by-step information on the understanding and improvement of one's credit score, as well as practical information related to gift and tax laws, as they apply to home ownership. Types of refinancing and mortgages are explained so that the reader has an honest and firm understanding of the process.
This is a superb book of practical information written by someone who writes knowledgeably in her field of expertise.
Rating: 5 / 5
Date: 2010-04-13
Summary: "Excellent primer for anyone considering a mortgage in 2010"
This recent book spells out everything you could possibly need to know about borrowing for a mortgage in 2010. It starts with the basics, and defines the lending process and all the options available for a borrower in this new age of lending. The book is very thorough and defines your FICO score and how it can affect your interest rate, and also what you can do to improve your credit rating. The old rules of borrowing from 10 or 20 years ago have changed substantially in the past few years, and Dale Siegel's entertaining yet detailed book can help anyone learn how things are different. There are still a lot of options available for any loan, and she steps through the various loan products, insurance, fees and add on products available in our world's very complicated borrowing procedure, from applying for the original loan through the final closing. The amazing thing about her book is she explains all of this while still keeping the book engaging and interesting. I would highly recommend this book for anyone preparing to enter the world of home ownership and taking on the largest debt of their lives. Even second and third time borrowers can find this book useful since the borrowing process has likely changed significantly from when they acquired their first mortgage.
Rating: 5 / 5
Date: 2010-04-08
Summary: "Informative and not confusing at all for a beginner"
As someone who only had a vague idea of what a mortgage is and how one obtains one, this book is easy to read and provides you with a wealth of understandable information quickly. As a young professional getting ready to start looking at owning her own home, this book answered a lot of questions that I had, as well as one I didn't even know enough to ask. From everything to how much money do I need to have on hand for the down payment to what different types of mortgages exist, I know feel that I have enough information to seriously start looking at owning a home and obtaining a mortgage at a decent rate.
I am definitely going to recommend this book to my friends as well as they begin househunting as well.
Rating: 5 / 5
Date: 2010-01-08
Summary: "Invaluable resource in these confusing times"
As a real estate attorney with many years of experience, I still find that I learn many new things every time I read Ms. Siegel's words or hear her speak at one of her informative seminars. She has the knowledge, the experience, the straight-talking understanding of what people need to know to navigate this seeming morass of the mortgage industry! Consumers, bank and mortgage professionals, realtors, lawyers.....Everyone can benefit from Ms. Siegel's concise and well-organized treatise. Buy this book!