It’s Not About Rate: The Right Way To Get A Mortgage
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.
Filed under: Mortgage Book Reviews
