All About Mortgages: Insider Tips for Financing and Refinancing Your Home
by: Julie Good-Garton, Julie Garton-Good
Topics include: percent housing ratio, housing expense allowance, convertibility option, original obligor, treasury securities index, formal foreclosure, qualifying ratios, qualifying guidelines, term debt ratio, employed borrower, maximum mortgage amount, discount points, financing concessions, negative amortization, using seller, underwriting guidelines, seller financing, growing equity mortgage, loan qualifying, qualifying income, monthly gross income, private mortgage insurance, closing costs, conventional loans, escrow holder, All About Mortgages, Federal Housing Administration Loans, Social Security, Comparison Shopping, After the Close, Managing the Mortgage, Mortgage Market Overview, Qualifying For The Mortgage, Certificate of Eligibility, Fannie Mae, The Wall Street Journal, Department of Veterans Affairs, Cash Requirements Down, National Guard, Total Housing Payment, Total Loan Amount
Book Description -- With mortgage rates at historic lows, it's never been a better time to invest close to home. But scrutiny of the fine details is absolutely vital to getting the best deal on a new or refinanced mortgage. Renowned real estate expert Julie Garton-Good provides an easy-to-follow road map through the harrowing twists and turns of the home mortgage loan process. Her bestselling book is filled with practical know-how and solutions to all your home loan questions. This new edition includes a resource guide listing Internet sites, as well as names and contact information for consumer lending organizations and other valuable consumer resources.
A must for home buyers and sellers -- The process of buying a home is surely daunting and this book is very helpful on clarifying the scene before you get into the game without knowing what is going on around you. Although the market has changed a bit lately with interest-only loans and other new lending products, this book will provide you with the fundamentals of dealing with mortgage brokers and will help you decide for yourself, what is right fo you.
Great mortgage book -- I'm a programmer analyst for a mortgage company. However, the one year experience I had working for a mortgage company with all the ongoing trainings and mortgage software application designs are nothing compared to this book. This is a great book with all info you need to know about mortgages. Would recommend to anyone. All I can say is this is a great book, that is equivalent to 3 years of mortgage experience.
Reviews:
Good for home buyer, fair for fledgling mtg loan officer -- I suppose this reference work is very informative to the home buyer ... if perhaps a bit too much to digest for the average casual reader. For an intern loan officer in an agressively propserous mortgage brokerage, the book provided some key information, but not the depth I had hoped for. Is it worth getting if your a mortgage professional? Yes, most definately. So much of the do's and don'ts of this industry are shrouded in statements like "well, we always did it that way" rather than simple straight forward explanations. This book was a breath of fresh air when I was floundering in my first year as a loan officer. Now, as a Senior Loan Officer at my company I still find myself referring to it from time to time for some of those elusive little details that always seem to arise in the loan process. Go ahead and get a copy. Either you'll learn something new or your boss will think you're applying yourself at home as well as on the job!
Great Reference Book! -- This book is a great book for consumers as well as real estate professionals. You will definitely want to keep it close by to reference information about FHA, VA and conventional loans. It is easy to forget some of the details about differnt loans but Ms. Garton-Good has made it easy to look up information such as who can pay closing costs on VA loans and does the veteran have to pay the funding fee. Having a list of closing costs FHA borrowers are allowed to pay or not pay is also very helpful. This book answers a lot of questions you probably wanted to know but may have been afraid to ask! I would recommend anyone thinking about buying or selling real estate and all real estate professionals make this book a part of their reference library right away.
This book is the reason I'm a homeowner -- My friend loaned me a copy of this book to read before applying for a loan. I had credit problems in the past and thought it was impossible to obtain a mortgage. After taking the steps the author suggested in checking my credit and removing the errors I found, I sailed through the mortgage process and am now a home owner. Thank you, Ms. Garton-Good, for helping me make this happen!
