The Home Mortgage Book: Insider Information Your Banker and Broker Don’t Want Yo
The Home Mortgage Book: Insider Information Your Banker and Broker Don’t Want Yo
User Ratings and Reviews
4 Stars Wonderful Tool for Current and Potential Home Buyers
First off, let me just say that I love the title- if your bank and broker don’t want you to know something, it must be good! Many readers enjoy feeling like insiders; I know I do.
As a current home owner, I didn’t think I’d learn anything I didn’t already know. I’m happy to report that I was 100% mistaken. I’m a bit embarrassed to admit that I never fully understood “escrow”, but after reading Chapter 5, I feel like an expert.
As far as I could tell, the websites recommended towards the back of the book are quite useful and I’ve already added several to my bookmarks.
The reason I wanted to read this book was for Chapter 20, which deals with refinancing. Although it had a lot of good, solid advice, the recent programs initiated by the government in response to the housing crisis were not covered. If not for the events of the last 6 months, however, the information provided in this area would be invaluable and is still, at the very least, useful.
My friend and her husband are looking to buy their first home, and I have already recommended this book to them. I wish we’d had it when we first went through the mortgage-securing process- it wouldn’t have been such a frightening experience!
Filed under: Mortgage Book Reviews
