Posted on July 3rd, 2009 by Mortgage Refinancing Reviews
It’s Not About Rate: The Right Way To Get A Mortgage
Although it is normal for homebuyers to feel a little nervous and apprehensive during the mortgage process, getting a loan to buy a house doesn’t have to feel like a 440-foot bungee jump. In It’s Not About Rate: The Right Way to Get a Mortgage, Richard Cohen writes about how the loan process can be understandable, uncomplicted, and smooth. He demonstrates why interest rate is only one of many factors that a borrower should consider. He explains how to differentiate between “come-ons” and sincere proposals and how to use the pre-approval process to leverage buying power.
User Ratings and Reviews
5 Stars Excellent Guide For First Time Homebuyers
My journey to being a homeowner started with Richard’s book. Based on a review I read on a Washington State real estate blog, I brought a copy. Richard is a mortgage banker, but he writes like a regular human. No fancy pants mumbo jumbo or obscure loanspeak.
The style is direct, non-technical and plain. I like it.
And the content of the book gives you some basis for picking a loan officer and some sophistication in how loans work and how they can be compared.
It’s a wonderful place to begin learning about mortgage and well worth the modest price. I have also read David Reed’s Mortgage Confidential, which is very good and covers some topics in greater detail. Still, an hour invested in reading this little book will pay the house-hunting novice quite well for the trouble. Try it. You’ll like it.
5 Stars A Great Introduction to Mortgages
This book is a short, easy to read introduction to the world of mortgages. The basic message is that there is far more to a mortgage than the rate; indeed, a low initial rate is often the sign of trouble to come. This messaage seems far more relevant in 2009 than it did when the book first came out.
There are far more complex mortgage books on the market. This one is appealing because it is simple and practicle. If you are looking for an introduction to mortgages this is a great place to start.
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Posted on July 3rd, 2009 by Mortgage Refinancing News
by Amy Nutt In recent months, there has been a significant drop in mortgage interest rates. This is due in part to the high amount of foreclosures and the housing financial market crisis. Most banks and lenders want to keep mortgage holders in their homes. If you have a mortgage and are looking for a better rate, you may want to consider refinancing. The decision to refinance a mortgage normally comes down to asking the question: Will I benefit financially from a mortgage refinance? In order
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Posted on July 3rd, 2009 by Mortgage Refinancing News
Most house owners these days are on a look out for good mortgage refinance deals. One of the most important questions they ask themselves before applying for such schemes is - Should I? The answer to this question depends totally on the particulars and details of the case. Read Full Article Here: http://www.articlesbase.com/mortgage-articles/quick-look-at-mortgage-refinancing-1012086.html
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Posted on July 3rd, 2009 by Mortgage Refinancing News
Author : Shellaine Enfesta Refinance depends upon your good or bad credit: Mortgage loan refinancing in Britain can be a good thing or a bad thing, depending on your personal circumstances Mortgage loan refinancing is a good option if you have decent credit, but need to lower your monthly payments and the amount of interest that you are paying on your debts It can be a bad idea if you have bad credit and are using the mortgage loan to clear up bad debt, because your interest rates will be ver
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Posted on July 3rd, 2009 by Mortgage Refinancing Reviews
The Secret That Banks Fear
“The SECRET that BANKS FEAR,” by Consumer Advocate Dr. Lisa Rosenberger, is a Financial Masterpiece. Dr. Rosenberger culminates her years of experience in teaching and consulting homeowners how to pay off their mortgages much sooner than they ever thought possible in this empowering book. In easy to understand description and using simple illustrations, she brilliantly teaches homeowners how to use the Hi-$peed Equity Builder¿ - the most advanced Mortgage Reduction System available in this country today. This is NOT about a bi-weekly payment system. When applied correctly, the techniques that Dr. Rosenberger clearly outlines in the book will save you tens to hundreds of thousands of dollars in interest. In addition to the detailed explanation of the Hi-$peed Equity Buildererger educates and empowers homeowners with valuable information in the areas of credit, mortgages, title insurance, escrow, predatory lending and mortgage fraud. If you have a mortgage or are thinking of getting one any time in the future, you must read this book. Take charge and empower yourself with the knowledge of how to get the best mortgage possible and how to pay that mortgage off years sooner and save tens to hundreds of thousands of dollars in interest.
User Ratings and Reviews
3 Stars Good Information, Poorly Written, No Software
First about the book: It has good information about mortgages and terms you should know, especially in the appendices. As far as explaining the key concept of how to use an equity line of credit to pay down your first mortgage, the book does okay, but more detailed examples showing how the money and balances change over a period of time would have been a big help. However, despite what the “official” review says, it’s not very well written and the illustrations are poor. (I’m a professional technical writer, and I can assure you that there is a lot of room for improvement in this book!)
Second, about the software: There isn’t any. The book refers to some software and kind of suggests that you can get it from a web site, but that web site does not exist. See the next paragraph for my theory on why that might be. The book does not say that the software is free, but it also does not mention a price. Can you follow the plan without the software, just using the information in the book? Probably not, but you might do okay if you’re good with finances.
Third, about the author: Harj Gill invented this method of paying down mortgages in Australia some years ago. He met and married Dr. Rosenberger (the author of this book) here in the US sometime after 2002. They worked together. There was a messy divorce. Mr. Gill won the court fight for the intellectual property and copyright (for his version of a book explaining his system). I suspect that’s why Dr. Rosenberger’s web site does not exist — she doesn’t have the rights to sell the software that infringes on his intellectual property.
I would recommend this book if you need to learn about how mortgages work, and the general idea of how you might be able to pay off your mortgage sooner. I would not recommend this book if you want to learn enough to implement such a system yourself. I would not buy this book again.
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