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An Insider's Guide to Refinancing Your Mortgage: Money-Saving Secrets You Need to Know
Author(s): David Reed (Author)
- Publisher: Amacom Books
- Publication Date: January 1, 2008
- Language: English
- Print length: 212 pages
- ISBN-10: 0814409350
- ISBN-13: 9780814409350
Book Description
For many homeowners, refinancing a mortgage can save them significant money, considerably reducing their monthly payments. It can also give them breathing space to pay off debts or allow them to make other investments, pay for college, or finance home improvements. In this essential guide, readers will learn why to refinance, when to refinance, as well as how to find the best lender, loan officer, and rate. Mortgage expert David Reed takes readers step by step through the refinance process and shows them how to evaluate their current loan program and compare it with other options.
Editorial Reviews
From School Library Journal
Author and senior loan officer Reed (Mortgages 101; Mortgage Confidential) is back to impart advice and insider tips for people finding themselves in the current rush to refinance. Here, he skillfully outlines the process from start to finish, examining refinancing with a dollars-and-cents formula to calculate recovery time and providing an overview of the different mortgage programs and vendors available today. Helpful advice, like requesting to review the title report and appraisal, is included throughout. Reed also dispels many common misperceptions surrounding the mortgage industry, such as competitive interest rates, online lead generators, and aggregator sites. Negative-amortization and subprime loans are briefly explored but could have been developed further. Still, the author ably provides concrete counsel for obtaining rate quotes and picking a loan officer and does a good job of showing how to compare apples to apples in an attempt to determine the best deal available. Predatory lending and loan fraud are also discussed. This title would serve as a nice post—subprime mortgage crisis update for real estate finance collections. Recommended for all public libraries.—Tracy Mohaidheen, M.L.I.S., West Bloomfield, MI
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
About the Author
David Reed (Austin, TX) is the author of Mortgages 101, Mortgage Confidential,Your Successful Career as a Mortgage Broker , The Real Estate Investors Guide to Financing, andYour Guide to VA Loans. As a senior loan officer, he has closed more than 1,000 mortgage loans. He is a columnist forRealty Times.
