Mortgages For Dummies 3rd Edition

Mortgages For Dummies 3rd Edition book cover

Mortgages For Dummies 3rd Edition

Author(s): Eric Tyson (Author), Ray Brown (Author)

  • Publisher: John Wiley & Sons
  • Publication Date: January 1, 2008
  • Edition: 3rd
  • Language: English
  • Print length: 292 pages
  • ISBN-10: 0470379960
  • ISBN-13: 9780470379967

Book Description

Need a mortgage but worried about the market? In Mortgages For Dummies, 3rd Edition, bestselling authors Eric Tyson and Ray Brown give you proven solutions for obtaining a mortgage, whether you want to buy your first home, refinance, or tap into your equity. You get the latest on sub-prime and adjustable-rate mortgages, finding the best lender, avoiding fiscal pitfalls and foreclosure, and much, much, more!

This easy-to-understand, objective, and jargon-free guide helps you fine-tune your finances, figure out what you can afford, and improve your credit score before you go mortgage shopping. You’ll get familiar with the advantages and disadvantages of fixed- and adjustable-rate mortgages, 15- and 30-year loans, and conforming and jumbo packages. You also get help finding and working with reputable professionals, comparing programs, and securing terms you can live with. Discover how to:

  • Match your mortgage to your financial goals
  • Qualify for a mortgage even when money is tight
  • Find the right loan for you
  • Choose the best lender/broker
  • Negotiate the best terms
  • Calculate your costs and payments
  • Understand and complete all paperwork
  • Refinance an existing mortgage
  • Understand and consider special situation loans
  • Explore reverse mortgages and other options
  • Decipher amortization tables and comparison worksheets
  • Use the Internet wisely when mortgage shopping

Now, more than ever, you need clear, reliable information that helps you get the mortgage you need at a price you can afford. You need Mortgages For Dummies, 3rd Edition!

Editorial Reviews

From the Back Cover

The proven guide to getting the best mortgage — and surviving today’s lending crisis

Need a mortgage, but worried about the hostile market? Bestselling authors Eric Tyson and Ray Brown give you proven solutions for obtaining a mortgage, whether you want to buy your first home, refinance, or tap into your equity. You get the latest on subprime and adjustable-rate mortgages, finding the best lender, avoiding fiscal pitfalls and foreclosure, and much, much more!

  • Why this book is different — two real estate experts give you objective, jargon-free advice that takes into account your financial goals

  • Fine-tune your finances — evaluate your expenses, calculate what you can afford, and improve your credit score

  • Find the right loan for you — from fixed- and adjustable-rate to 15- to 30-year to conforming and jumbo, weigh all your options

  • Choose the best lender/broker — interview and work with the cream of the crop, compare programs, and negotiate loan terms

  • Consider special situation loans — from home equity to co-op to balloon loans, understand the tax consequences and legalities

  • Handle refinancing and reverse mortgages — decide if you should explore these options, crunch the numbers, and save money

  • Get helpful resources — recommended mortgage Web sites, loan amortization tables and comparison worksheets, and more

Open the book and find:

  • How to qualify for a mortgage

  • Ways to lower your interest rate

  • Updated worksheets and tools for calculating mortgage costs and payments

  • New information on foreclosures

  • Tips for saving tax dollars

  • Interview questions to ask lenders/brokers

  • Expert guidance in completing all paperwork

  • The dos and don’ts of using the Internet

About the Author

Eric Tyson, MBA, is a financial counselor and the author of numerous bestselling For Dummies books on personal finance, investing, real estate, and small business.

Ray Brown has been a real estate professional for more than three decades. He hosts a real estate show in San Francisco.

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