The Secret That Banks Fear |  | Author: Lisa, J Rosenberger
Publisher: American Mortgage Educators, Inc.
Category: Book
List Price: $19.95
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Rating:  2 reviews
Sales Rank: 933738
Media: Paperback
Pages: 184
Number Of Items: 1
Shipping Weight (lbs): 0.5
Dimensions (in): 8.3 x 5.4 x 0.5
ISBN: 1604025891
Dewey Decimal Number: 332
EAN: 9781604025897
ASIN: 1604025891
Publication Date: July 1, 2007
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| Editorial Reviews:
Product Description
"The SECRET that BANKS FEAR," by Consumer Advocate Dr. Lisa Rosenberger, is a Financial Masterpiece. Dr. Rosenberger culminates her years of experience in teaching and consulting homeowners how to pay off their mortgages much sooner than they ever thought possible in this empowering book. In easy to understand description and using simple illustrations, she brilliantly teaches homeowners how to use the Hi-$peed Equity Builder¿ - the most advanced Mortgage Reduction System available in this country today. This is NOT about a bi-weekly payment system. When applied correctly, the techniques that Dr. Rosenberger clearly outlines in the book will save you tens to hundreds of thousands of dollars in interest. In addition to the detailed explanation of the Hi-$peed Equity Builder¿, Dr. Rosenberger educates and empowers homeowners with valuable information in the areas of credit, mortgages, title insurance, escrow, predatory lending and mortgage fraud. If you have a mortgage or are thinking of getting one any time in the future, you must read this book. Take charge and empower yourself with the knowledge of how to get the best mortgage possible and how to pay that mortgage off years sooner and save tens to hundreds of thousands of dollars in interest.
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| Customer Reviews:
 This book is worth it's weight in Gold! October 22, 2009
Sandy Therry (Los Angeles)
0 out of 2 found this review helpful
Being the co-originator of this mortgage system in Australia in the early 90's, I highly endorse Ms Rosenberger's book on mortgages in the USA. Ms Rosenberger is a woman of integrity, who is 100% sincere in her quest to assist Americans to own their homes years sooner, and save thousands of dollars in the process. Her wealth of experience in the mortgage industry and her academic credentials speak for themselves. I wouldn't trust anyone else to be totally truthful about this type of information!
Let me explain, there are a lot of unscrupulous people out there teaching this system to people and charging lots of money for it. If you read "The Secrets That Banks Fear" which is extremely well written by Ms Rosenberger, you WILL save a lot of money on your mortgage and pay it off years sooner.
I wouldn't listen to a word the previous reviewer says about how the book is written. The software is available and, in my opinion, it is the best in the market place, comparable to, if not better than, the one my co-author, Harj Gill and I developed when we created this system.
Go ahead and buy this book. You will not regret it for a moment!
Sandy Therry (M.Couns)
Co-author of How to Own Your Home Years Sooner - without making extra payments
 Good Information, Poorly Written, No Software May 30, 2008
S. Nay (Wenatchee, WA USA)
13 out of 13 found this review helpful
First about the book: It has good information about mortgages and terms you should know, especially in the appendices. As far as explaining the key concept of how to use an equity line of credit to pay down your first mortgage, the book does okay, but more detailed examples showing how the money and balances change over a period of time would have been a big help. However, despite what the "official" review says, it's not very well written and the illustrations are poor. (I'm a professional technical writer, and I can assure you that there is a lot of room for improvement in this book!)
Second, about the software: There isn't any. The book refers to some software and kind of suggests that you can get it from a web site, but that web site does not exist. See the next paragraph for my theory on why that might be. The book does not say that the software is free, but it also does not mention a price. Can you follow the plan without the software, just using the information in the book? Probably not, but you might do okay if you're good with finances.
Third, about the author: Harj Gill invented this method of paying down mortgages in Australia some years ago. He met and married Dr. Rosenberger (the author of this book) here in the US sometime after 2002. They worked together. There was a messy divorce. Mr. Gill won the court fight for the intellectual property and copyright (for his version of a book explaining his system). I suspect that's why Dr. Rosenberger's web site does not exist -- she doesn't have the rights to sell the software that infringes on his intellectual property.
I would recommend this book if you need to learn about how mortgages work, and the general idea of how you might be able to pay off your mortgage sooner. I would not recommend this book if you want to learn enough to implement such a system yourself. I would not buy this book again.
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