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 need 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’ll be able to come up with the money for, and support 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’ll be able to 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 imagine 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 wish to have clear, reliable information that helps you get the mortgage You wish to have at a price you’ll be able to come up with the money for. You wish to have Mortgages For Dummies, 3rd Edition!
For many of us, the single biggest financial transaction is buying a house. Even more significant than the hefty down payment we fork over is the 15- to 30-year mortgage that needs feeding every month. If you have this much at stake, a little knowledge can go a long way, which is where Eric Tyson and Ray Brown come in. In Mortgages for Dummies, Tyson and Brown (who also wrote Home Buying for Dummies and House Selling for Dummies) provide a comprehensive introduction for anyone who is contemplating a mortgage. The book tells you how to evaluate your creditworthiness, resolve your borrowing power, and shop for a lender, as well as covering the quite a lot of types of loans. The authors also devote a section to refinancing and discuss what you will have to imagine when prepaying a loan. They include amortization and remaining-balance tables, and a useful glossary. Whether you’re a first-time home buyer or are just looking to refinance, you can find this a valuable, easy-to-use guide. –Harry C. Edwards