Mortgage Confidential: What You Need to Know That Your Lender Won't Tell You |  | Author: David Reed
Publisher: AMACOM
Category: Book
List Price: $16.95
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Seller: khentertainment
Rating:  12 reviews
Sales Rank: 255120
Media: Paperback
Pages: 240
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 6 x 0.7
ISBN: 0814473695
Dewey Decimal Number: 332.72
EAN: 9780814473696
ASIN: 0814473695
Publication Date: December 8, 2006
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9780814473696 | | • | Condition: USED - Very Good | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
Mortgage Confidential is an insiders 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 dont 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.
Book Description
"Mortgage Confidential is an insiderâs 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 donât 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."
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| Customer Reviews:
Showing reviews 1-5 of 12
 Another Home Run! December 21, 2006
Gary Frimann (Gilroy, CA United States)
31 out of 33 found this review helpful
Author David Reed has done it again! I read his first book, Mortgages 101 and like it so much that I bought this one without any deliberation. I have been reading his column in Realty Times for years, and always enjoyed them.
In a clear, concise, easy to read manner, the author has set forth in simple and easy to understand terms the truth about mortgages and mortgage lending. Everything is explained, such as where mortgage money comes from, to how Annual Percentage Rate is determined to shopping for a loan and (hopefully) avoiding some "junk" fees. Also included is the commonly misunderstood diferrences between a Bank, a Mortgage Bank, and a Mortgage Broker. All this ads up to a great book to read for the consumer who is shopping for a mortgage loan. Details too numerous to explain here, but you won't regret buying this book, if you are eithar purchasing a home or refinancing. The "confidential" part of the title is the stuff Loan Agents know, and he has made it available to the reader.
One very miniscule flaw I picked up, with perhaps no relevance, is on page 150: It states that rate caps protect you, "even if they go into the 20% range as they did in the late 1980s." I think he meant the early 1980s. A time we'd all like to forget...
Another interesting thing I picked up was that he did address the once popular pick-a-payment loan, which I like in certain circumstances and he has disdained in his column. They do work well for some people in some situations, and I was glad to see him recognize that (page 159), although he does advise to people to avoid them. Glad to see a slight concession.
This is a highly informative book, which doesn't include a lot of math (the only math, really, is easy to understand graphics), which makes it the best book on the market to easily understand the whole process of lending- being a consumer or loan officer. Good job on this book Mr. Reed! Buy this book--you won't regret it...
An invaluable guide. February 7, 2008
Midwest Book Review (Oregon, WI USA)
2 out of 2 found this review helpful
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.
Substantial, Useful, and Very Readable May 11, 2007
Eric Anderson (Tampa, FL USA)
4 out of 5 found this review helpful
The books use plain everyday English and is very well put together. As a complete novice in the world of mortgage, I got a much better and clearer view from it than I was expecting. If you are a first time homebuyer, it's gold. I have a much better handle on what to expect and what to avoid as I head into the mortgage market. This is, by far, the best of the three books I have read on mortgages.
Mortgage Confidential March 8, 2007
Joyce W. Sligh (riverdale, GA)
1 out of 2 found this review helpful
this book has been quite helpful to me as a Financial Consultant in helping clients understand the "language" in the RESPA docs.
great mortgage information December 21, 2007
J. Wainright (Mechanicsville, VA United States)
1 out of 2 found this review helpful
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.
Showing reviews 1-5 of 12
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