Johnson How to Save Thousands of Dollars on Your Home Mortgage

2. Auflage 2002
ISBN: 978-0-471-42115-3
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 304 Seiten, E-Book

Find The Home Mortgage That's Right For You
Finding the right mortgage can be complex, confusing, andfrustrating. But that doesn't mean you have to settle for anythingother than the terms you want. This indispensable and newly updatedsecond edition of How to Save Thousands of Dollars on Your HomeMortgage spells out everything mortgage hunters need to know inclear and accessible terms. It covers more loan alternatives thanany other book and examines the importance of discount points. Itoffers complete details on virtually every mortgage optioncurrently available, what advantages each option offers, how tochoose the right one for your needs, and how to save money in theprocess. New information in this edition will help you use theInternet to find a home and get a mortgage, examine automatedunderwriting models and conforming loan limits, and weigh newshopping strategies. Easy-to-read charts and graphs, helpful sampleforms, and numerous examples will help you understand:
* First-time buyers programs
* APR, buy-downs, reverse mortgages, accelerated payoffs, and zeropoint loans
* Refinancing strategies
* Closing costs, lender fees, and other expenses
* How to dispute credit report errors and fix credit problems
* How to use the Internet for loan analysis

Autoren/Hrsg.

Johnson, Randy

Inhaltsverzeichnis

Foreword.
Introduction.
PART 1: BACKGROUND.
The Structure of the Mortgage Industry.
How Lenders Influence Borrowers' Choices.
How Lenders Market Loans.
How to Choose the Right Loan.
KEY POINTS.
For First-Time Home Buyers.
PART 2: CHOOSING A LENDER AND GETTING APPROVED.
Qualifying 101.
Credit.
Bank, S&L, or Broker?
Shopping for a Loan and Negotiating with a Lender.
APR, Buy-Downs, and Discount Points.
What to Do When You Run into a Problem.
QUALIFYING PROBLEMS.
PART 3: LOCKING AND CLOSING.
How Lenders Can Cheat Their Customers.
Closing Costs, Lender Fees, and Other Fees.
PART IV: ADVANCED TOPICS.
Qualifying 201.
Refinancing.
Fifteen-Year Loans and Accelerated Payoffs.
Equity Lines, Seconds, and Reverse Mortgages.
No-Cost and Zero-Cost Loans.
Technology: The Internet and Software.
THE MORTGAGE INDUSTRY ON-LINE.
Epilogue: On the Need for Reform and Other Thoughts.
Appendix.
Glossary.
Index.

Über Autor(innen)

RANDY JOHNSON is President of Independence Mortgage Company and has personally originated over $600 million in residential loans. He is also the author of How to Find a Home and Get a Mortgage on the Internet, available from Wiley. Visit his Web site at www.loan-wolf.com.