How to Save Thousands of Dollars on Your Home Mortgage

Randy Johnson (Autor)

Buch | Softcover

304 Seiten

2002 | 2nd edition
John Wiley & Sons Inc (Verlag)
978-0-471-22327-6 (ISBN)

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Few homeowners are aware of all the types of mortgages available to them. This very reader-friendly resource enables them to explore the many alternatives that are out there--and save a sizable amount of money in the process.

Find The Home Mortgage That's Right For You

Finding the right mortgage can be complex, confusing, and frustrating. But that doesn't mean you have to settle for anything other than the terms you want. This indispensable and newly updated second edition of How to Save Thousands of Dollars on Your Home Mortgage spells out everything mortgage hunters need to know in clear and accessible terms. It covers more loan alternatives than any other book and examines the importance of discount points. It offers complete details on virtually every mortgage option currently available, what advantages each option offers, how to choose the right one for your needs, and how to save money in the process. New information in this edition will help you use the Internet to find a home and get a mortgage, examine automated underwriting models and conforming loan limits, and weigh new shopping strategies. Easy-to-read charts and graphs, helpful sample forms, and numerous examples will help you understand:
* First-time buyers programs
* APR, buy-downs, reverse mortgages, accelerated payoffs, and zero point loans
* Refinancing strategies
* Closing costs, lender fees, and other expenses
* How to dispute credit report errors and fix credit problems
* How to use the Internet for loan analysis

RANDY JOHNSON is President of Independence Mortgage Company and has personally originated over $600 million in residential loans. He is also the author of How to Find a Home and Get a Mortgage on the Internet, available from Wiley. Visit his Web site at www.loan-wolf.com.

Foreword.

Introduction.

PART 1: BACKGROUND.

The Structure of the Mortgage Industry.

How Lenders Influence Borrowers' Choices.

How Lenders Market Loans.

How to Choose the Right Loan.

KEY POINTS.

For First-Time Home Buyers.

PART 2: CHOOSING A LENDER AND GETTING APPROVED.

Qualifying 101.

Credit.

Bank, S&L, or Broker?

Shopping for a Loan and Negotiating with a Lender.

APR, Buy-Downs, and Discount Points.

What to Do When You Run into a Problem.

QUALIFYING PROBLEMS.

PART 3: LOCKING AND CLOSING.

How Lenders Can Cheat Their Customers.

Closing Costs, Lender Fees, and Other Fees.

PART IV: ADVANCED TOPICS.

Qualifying 201.

Refinancing.

Fifteen-Year Loans and Accelerated Payoffs.

Equity Lines, Seconds, and Reverse Mortgages.

No-Cost and Zero-Cost Loans.

Technology: The Internet and Software.

THE MORTGAGE INDUSTRY ON-LINE.

Epilogue: On the Need for Reform and Other Thoughts.

Appendix.

Glossary.

Index.

Erscheint lt. Verlag	29.7.2002
Verlagsort	New York
Sprache	englisch
Maße	152 x 234 mm
Gewicht	363 g
Themenwelt	Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
	Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Immobilien / Grunderwerb
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
ISBN-10	0-471-22327-1 / 0471223271
ISBN-13	978-0-471-22327-6 / 9780471223276
Zustand	Neuware