Mortgages for Dummies

Mortgages for Dummies

3.54 (123 ratings by Goodreads)
  • Paperback
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Description

For typical homeowners, the monthly mortgage payment is either their largest or, after income taxes, second-largest expense item. When you're shopping for a mortgage without the proper knowledge, you could easily waste many hours of your time in addition to the financial losses suffered by not getting the best loan that you can. Choosing the right mortgage can help you save money for more important financial goals such as higher education and retirement. Mortgages For Dummies is for anyone who needs a loan to buy their first home or wants to refinance their existing mortgage. This book is also for those who would like to tap some of the value they have built in their home over the years. This friendly, easy-to-understand guide will help anyone to * Shop for the best home-purchase mortgage * Overcome loan qualification obstacles * Negotiate lower loan fees and closing costs * Save by refinancing the house * Increase retirement income with a reverse mortgage Figure out how to select the right mortgage for you situation. Then explore, step-by-step, how to get the best possible deal. Mortgages For Dummies also covers the following topics and more: * Determining your borrowing power * Qualifying for a mortgage * Locating and selecting a loan * Finding the best lender and options * Tackling loan paperwork * Refinancing and other money makers For most of us, the mortgage field is jammed with jargon and fraught with fiscal pitfalls. It's up to you to seek the knowledge necessary to make your mortgage process more rewarding. This handy guide shows you everything you need to know to find your way through the home financing jungle and make the best decisions possible.show more

Product details

  • Paperback | 288 pages
  • 185.42 x 228.6 x 20.32mm | 521.63g
  • John Wiley & Sons Inc
  • Hungry Minds Inc,U.S.
  • Foster City, United States
  • 0764551477
  • 9780764551475

About Eric Tyson

Eric Tyson, MBA, is a financial counselor and the author of bestselling For Dummies books on personal finance, investing, and taxes. Ray Brown is a veteran real estate consultant and writer.show more

Review quote

"Fun-to-read... Deciphers mortgage mumbo-jumbo." --San Jose Mercury News "A favorite... Fun reading and informative." --Minneapolis Star Tribune "Objective, down-to-earth... A book I wish I'd read before purchasing my first lemon-of-a-home." --Wilmington News Journal "Invaluable information, especially for the first time home buyer." --Fort Worth Star-Telegramshow more

Table of contents

Introduction. Part I: Fine-Tuning Your Finances. Chapter 1: Determining Your Borrowing Power. Chapter 2: Qualifying for a Mortgage. Part II: Locating a Loan. Chapter 3: Fathoming the Fundamentals. Chapter 4: Selecting the Best Home Purchase Loan. Chapter 5: Special Situation Loans. Part III: Landing a Lender. Chapter 6: Finding Your Best Lender. Chapter 7: Maneuvering through the Options Maze. Chapter 8: Tackling Loan Paperwork. Part IV: Refinancing and Other Money Makers. Chapter 9: Refinancing Your Mortgage. Chapter 10: Reversing the Process. Part V: The Part of Tens. Chapter 11: Ten Issues to Consider Before Prepaying Your Loan. Chapter 12: Ten Tips for Using the Internet's Mortgage Sites. Chapter 13: Ten Mortgage No-No's. Part VI: Appendixes. Appendix A: Loan Amortization Tables. Appendix B: Remaining Balance Tables. Appendix C: Glossary. Index. Book Registration Information.show more

Rating details

123 ratings
3.54 out of 5 stars
5 20% (25)
4 29% (36)
3 38% (47)
2 9% (11)
1 3% (4)
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