Mortgages For Dummies, 3rd Edition

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 want 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 can afford, and improve 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 can 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 consider 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 need clear, reliable information

• ISBN13: 9780470379967
• Condition: New
• Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

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List Price: $ 16.99
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Mortgages For Dummies

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 want 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 can afford, and improve 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 can 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 consider 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 need clear, reliable information that helps you get the mortgage you need at a price you can afford. You need 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

Rating: (out of 21 reviews)

List Price: $ 16.99
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Mortgages For Dummies Reviews

Review by Peter Hupalo:

Buying a home is the biggest financial deal many people will ever make. If you’re about to buy your first home it pays to learn the ins-and-outs of mortgages. Structuring your mortgage properly can save you thousands or even tens of thousands of dollars over the life of the mortgage. “Mortgages For Dummies” explains how mortgages work and how to get a great deal on your mortgage.”Mortgages For Dummies” begins by asking the reader to evaluate how large of a mortgage he/she can afford. Tyson and Brown discuss budgeting, which is something many people will already know. The authors point out that in addition to covering your basic expenses, such as food and water, you must also allow for your other financial goals, such as retirement planning. Only through budgeting will you get a handle on how large of a mortgage you really can afford. Obviously, you don’t want to wind up with mortgage payments you can’t pay!Lenders have separate evaluations of how much you can afford. Tyson and Brown suggest that lenders will expect your monthly housing expenses and repayment of non-housing debt to total no more than about 36% of your monthly income. And, your total housing expense probably shouldn’t exceed 28% of your monthly, pretax income. Tyson and Brown suggest not making an overly large down payment, “if it depletes your emergency financial cushion.” And, don’t accept a bigger mortgage than you think you can afford just because the banks say you can afford it!If possible, you probably want at least a 20% down payment on your home. Lenders borrowing to people with less than 20% equity have found that there is an increased risk of default. Because of this, Tyson and Brown explain new homeowners with less than 20% equity in their homes will need to pay Private Mortgage Insurance (PMI). PMI can cost hundreds of dollars a year. PMI benefits the borrower, not the homeowner. Tyson and Brown suggest that as soon as you have 20% or more equity in your home, you should eliminate PMI. Another option is to have the government insure or guarantee your loan. Mortgages For DummiesTM mentions FHA, VA, and FmHA government-guaranteed loans.Chapter 3, Fathoming the Fundamentals, was one of my favorite chapters. The chapter does a good job explaining the secondary loan market and the purpose of the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac). “Mortgages For Dummies” discusses the difference between conforming and non-conforming mortages. Tyson and Brown write: “This delicious tidbit of information can save you big bucks. Conventional mortgages that fall within Fannie Mae’s and Freddie Mac’s loan limits are referred to as conforming mortgages. Mortgages that exceed the maximum permissible loan amounts are either called jumbo loans or nonconforming loans. … You pay dearly for nonconformity.” “Mortgages For Dummies” goes on to give the money-saving tip: “If you find yourself slightly over Fannie Mae’s and Freddie Mac’s limit, don’t despair. You can either buy a slightly less expensive home or increase your cash down payment juuuuuuuust enough to bring your mortgage amount under the conforming loan limit.” The “juuuuuuust enough” isn’t my typo, although I probably got the number of u’s wrong. It’s Dummies’ humor.Today, “Mortgages For Dummies” Chapter 9, Refinancing Your Mortgage, will be popular. Tyson and Brown provide an example showing how quickly your refinancing will breakeven. They give us “Refinancing’s Magic Formula” to calculate if you should refinance.”Mortgages For Dummies” doesn’t formally introduce the annual percentage rate or APR, and I believe this is a critical oversight. (The book does mention APR in its glossary). So, you might be quoted 7.2% and not realize this rate doesn’t take into consideration points and fees you will pay, i.e. it’s not the APR. Suppose your current mortgage rate is 8% (APR), you might quickly calculate that you save (neglecting tax effects) 8 – 7.2 = 0.8% on the principal loan amount. This would be incorrect, because your actual APR would likely be higher than 7.2% due to the added fees. You really need to distinguish between the fee-inclusive rate and the fee-exclusive rate you might be quoted.Overall, I think reading “Mortgages For Dummies” is useful for people who are buying their first home or considering refinancing an existing home. Enough dollars at stake that you should pursue all information on the topic and become an informed consumer, even if you need to tolerate some siiiiily jokes. Peter Hupalo, Author of “Becoming An Investor”

Review by :

Excellent, plain English explanation of the various mortgages and how to choose one that best fits your situation. Also details how to shop and negotiate the best deal…with all the hype about shopping on the internet, that excellent chapter alone is worth the price of the book. I learned a lot about “creative financing” techniques like 80-10-10 loans that I knew nothing about before picking up a book. I’ve tried other mortgage books and found them to be dull and not to the point. This book was a joy to read and left me thinking clearly!

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Consumer Handbook on Adjustable Rate Mortgages

Item 2196BFN The Consumer Handbook on Adjustable Rate Mortgages (CHARM booklet) explains the basic features of adjustable rate mortgages (ARMs), discusses various types of ARMs and provides resources to obtain more information. This version includes the most recent revisions: Updated Table of Contents was added, Updated year references, Updated Glossary, and a new “where to go for help” section 3 7/8 x 8 1/2 – fits in Number 10 Envelope Imprint area 3 7/8 x 2 20 page booklet Quantity discounts built into pricing Call office for large quantity orders Pricing is for 100 handbooks – Shipping is Free

• Pricing is for 100 booklets
• Quantity Discount built into pricing
• Call office at 1.800.379.7969 for large quantity orders
• Shipping is Free

List Price: $ 98.80
Price: $ 86.13

60 Minutes – House of Cards (January 27, 2008)

Stockton, California, is in many ways the ground zero for the current financial crisis and a microcosm of everything that went wrong with subprime mortgages and their severe impact on the U.S. and world economy. A few years ago, Stockton was one of the hottest real estate markets in the country, and easy financing helped buyers purchase their dream home with no money down. Today, Steve Kroft discovered, Stockton is the foreclosure capital of America.This product is manufactured on demand using DVD-R recordable media. Amazon.com’s standard return policy will apply.

List Price: $ 17.95
Price: $ 17.95

PSYCHEDELIC PEACE 100% Cotton Pigment Dyed Adult T-shirt – Spring Olive Color, 3XL

There’s nothing like the unique color of a pigment-dyed tee to kick up your coolness factor. Incredibly soft and infused with character, our District Threads Pigment-Dyed Tee is preshrunk and has a lived-in look that just gets better with every wash.

• Express yourself with this awesome variation on the classic peace symbol
• Image Size: 7″ in diameter
• 100% heavyweight cotton T-shirt

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Calculated Industries 3430-KITMG Qualifier Plus IIIFX Mortgage Success Kit

The Success Kit – Commercial Investment – is a convenient, carefully assembled package that combines the Qualifier Plus IIIfx mortgage calculator with a Quick-Start Tutorial CD and a comprehensive workbook. In addition to common and advanced real estate finance problems, the workbook covers calculation of multiple cash flows, IRR, NPV and NFV and more

• Quickly pre-qualifying buyers using conventional and FHA/VA ratios.
• Offer clients complete payment solutions, including PITI and interest-only
• Calculate combo loans (80:10:10 and 80:15:05), bi-weekly loans, ARMs – provide flexible financing solutions.
• Valuable training tools for students and seasoned professionals.
• Designed for Commercial Investment Applications – Analyze Cash Flows Without Complicated Formulas

Rating: (out of 1 reviews)

List Price: $ 94.95
Price: $ 77.00

Calculated Industries 3430-KITMG Qualifier Plus IIIFX Mortgage Success Kit Reviews

Buy Calculated Industries 3430-KITMG Qualifier Plus IIIFX Mortgage Success Kit now for only $ 77.00!

Real Estate Calculator Suite

If real estate math or financial math stress you, Real Estate Calculator Suite is the help you need!

The 16 real estate and financial calculators in Real Estate Calculator Suite give you the ability to play with your own financial numbers as you consider a real estate purchase.

Real Estate Calculator Suite includes 2 Quick Calculators, 2 Downpayment Savings Calculator, a pop up calculator, a Mortgage Qualifier, Amortization Calculator with Monthly and Annual schedules, Loan Spread Calculator, a Biweekly Payment Calculator, a Refinancing Calculator, an Estimated Closing Cost Calculator, Home Seller’s Proceeds Calculator, Rent or Buy Calculator, and Prepayment Calculator. Based on Wheatworks Software’s experience developing financial calculators for corporate real estate clients, Real Estate Calculator Suite is designed for real estate consumers and professionals.

Real Estate Calculator Suite includes a Date Calculator, a Fraction / Decimal interest rate conversion table, sample text for closing credit accounts, a Documentation List to help you gather your loan application paperwork, a Home Inspection form to help you review potential homes, a Mover’s To Do List and useful tips for home buyers and sellers.

This real estate software works with these Windows operating systems: 95, 98, ME, NT 4, 2000, XP Home and XP Pro.

• Real Estate Calculator Suite can help you determine how much house you can afford. (Mortgage Qualifier)
• It can show you the impact different mortgage interest rates will have on your home loan. (Loan Spread Calculator)
• Real Estate Calculators Suite helps you decide what mortgage term (length of loan) is best for your budget. (Loan Spread Calculator)
• It helps you determine how much house you can afford based on what you currently pay in rent. (Rent or Buy Calculator)
• Show you how much to add to your monthly mortgage payment in order to pay off your mortgage by a chosen date. (Loan Amortizations and Prepayment Calculator)

List Price: $ 49.99
Price: $ 39.95