- Paperback: 272 pages
- Publisher: John Wiley & Sons (28 Mar 2003)
- Language English
- ISBN-10: 0471263958
- ISBN-13: 978-0471263951
- Product Dimensions: 22.6 x 15.2 x 2.3 cm
- Average Customer Review: 4.0 out of 5 stars See all reviews (1 customer review)
-
Amazon Bestsellers Rank:
1,052,296 in Books (See Top 100 in Books)
- #20 in Books > Business, Finance & Law > Personal Finance > Property & Real Estate > Mortgages
- #86 in Books > Business, Finance & Law > Personal Finance > Mortgages
- See Complete Table of Contents
Did you know you can trade in your old books for an Amazon.co.uk Gift Card to spend on the things you want? Visit the Amazon.co.uk Trade-In Store for more details. |
|
There is a newer edition of this item:
|
Product details |
More About the Author
Product Description
Product Description
One of America’s foremost real estate experts explains the inside secrets of the mortgage business
Every year more than ten million Americans enter the mortgage arena to finance or refinance their homes and rental properties. Yet, most of these people come into the game unprepared for success. This book offers the inside secrets for getting the best mortgage deal possible, from one of real estate’s leading experts, Gary Eldred. He shows readers how to play the game to win and how to make sure loan reps are truly offering the best possible deal. Simple, concise, and comprehensive, this book covers everything mortgage hunters should know, especially the 106 secrets lenders don’t want to reveal.
Gary Eldred, PhD (Gainesville, FL), is a real estate investor and author of numerous real estate titles from Wiley, including The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), Third Edition (0–471–12658–6), Investing in Real Estate, Third Edition (0–471–20164–2) with Andrew McLean, Value Investing in Real Estate (0–471–18520–5), The Complete Guide to Second Homes for Vacations, Retirement, and Investment (0–471–34967–4), and Yes! You Can Own the Home You Want (0–471–09978–3).
From the Back Cover
One of America’s top real estate authorities explains the inside secrets of the mortgage business
Each year, more than ten million American homebuyers, homeowners, and realty investors enter the mortgage arena to finance or refinance their homes and rental properties. And each year, millions of borrowers pay more than they have to. But you won’t be one of them with Gary Eldred’s 106 Mortgage Secrets All Homebuyers Must Learn–But Lenders Don’t Tell.
Eldred explains all of your mortgage options and gives you the inside information you need to make the most intelligent money–saving choices. He simplifies the complicated math of mortgage financing and tells you how to make sure your loan rep is being honest with you. He covers every aspect of the mortgage process and highlights the key criteria you should always consider when making your decision. With these 106 secrets, you’ll have the confidence and the knowledge to:
- Increase your borrowing power
- Get the lowest interest rate
- Understand ARMs
- Cut the cost of mortgage insurance
- Save big with seller financing, foreclosures, and REOs
- Perfect your credit profile
- Avoid getting taken by the fine print
- Get maximum return on your home investment
There’s no reason to get a good mortgage, when you can get the perfect one for you. Simple, concise, and comprehensive, this book covers everything mortgage hunters should know–especially the 106 secrets lenders don’t want to reveal.
Inside This Book
(Learn More)
First Sentence
Most supposed experts in home buying and home finance give this advice: "Before you even begin to shop for a home, meet with a lender to get prequalified for a loan. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Most supposed experts in home buying and home finance give this advice: "Before you even begin to shop for a home, meet with a lender to get prequalified for a loan. Read the first page
Explore More
Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
4.0 out of 5 stars
106 mortage secrets all homebuyers must learn,
By
This review is from: The 106 Mortgage Secrets All Borrowers Must Learn: But Lenders Don't Tell (Paperback)
This is an excellent book if you are investing or buying property in the USA market. Not so applicable for the UK, wish it was.
Share your thoughts with other customers: Create your own review
Most Helpful Customer Reviews on Amazon.com (beta) Amazon.com:
4.2 out of 5 stars (15 customer reviews) 57 of 62 people found the following review helpful:
1.0 out of 5 stars
No secrets...your lender HAS to tell you,
By B. Arthur "OaklandA" - Published on Amazon.com
This review is from: The 106 Mortgage Secrets All Borrowers Must Learn: But Lenders Don't Tell (Paperback)
This book is so bad on so many levels that it barely merits one star. I'll chip it the star on the basis of one chapter that may be informative.First, the title. There are no secrets in this book. Most of this is information readily available with a minimum of research(Fannie Mae). As far as your lender not wanting you to know...many of the so-called "secrets" could cost a lender their license, fines or even jail if they don't disclose. Mr.Eldred should know that the information on the Good Faith Estimate has to be more accurate than he portrays. Further, in regards to fees such as the Yield Spread Premium, if the lender is a bank or a correspondent lender they do not have to disclose those fees at all. Only mortgage brokers do, making theirs the most transparent transaction. Some of the other fees he references to aren't even within the scope of a lender to control (title fees, etc.). Mr.Eldred's "hints" on how to "improve" your income and debt are borderline fraud. People DO go to jail for this. With automated underwriting there is very little room to push the issue of "compensating" factors as Eldred suggests. This is a sensationalized rendering of how to get a mortgage. It's as if he took the examples of the worst 1% of lenders and applied them to the other 99%. The chapter on ARM's is good in showing that there is usually a benefit to this product, with little of the risk imagined. Overall, one would be much better off getting "The Mortgage Kit" by Thomas Steinmetz, now in it's 5th edition. Avoid the phony expose lure of this book. 17 of 18 people found the following review helpful:
5.0 out of 5 stars
Outstanding guide to financing,
By Mortgage Broker - Published on Amazon.com
This review is from: The 106 Mortgage Secrets All Borrowers Must Learn: But Lenders Don't Tell (Paperback)
I previously read Eldred's book,Investing In Real Estate.It's the best,comprehensive, and most sensible guide to investing that you'll find (read the reviews for youself). Likewise, this book on financing goes way beyond the other authors that I have read. (Sidenote: I cannot figure out what the Seattle reviewer is talking about, Mortgage Secrets deals exclusively with the ins and outs of financing techniques, saving money, cutting mortgage costs,and building equity faster. This book says nothing about using high leverage to get rich in real estate. As to infomercial hype, Eldred actually lambasts these gurus and warns how their "techniques" can lead the gullible to financial ruin. He even cautions strongly against home equity loans.) If you want to learn your financing options as well as the "tricks of the trade", you won't find a better book than this one. Although I'm in the business, I liked this book because a much more educated borrower gives us true professionals a stong advantage over our competition. Read Mortgage Secrets, then work with a broker who follows the insights that Eldred reveals. I'll make more money and you will get a better deal.
30 of 35 people found the following review helpful:
1.0 out of 5 stars
I think I've seen this guy in info-mercials,
By "thedee-man" - Published on Amazon.com
This review is from: The 106 Mortgage Secrets All Borrowers Must Learn: But Lenders Don't Tell (Paperback)
I found that I could not get through this book. I may give it another try but I can't get too far without getting irritated again. The author seems to have no shortage of criticisms for those that work in home financing. He provides a laundry list of what he believes to be myths that those folks perpetuate. I'm no expert in financing (that's why I'm reading the book) and these criticisms may be totally valid, but for reasons I'll describe I don't trust what he says. He writes with the kind of condescension that can only be achieved by someone who doesn't even consider that he could perpetuating some myths of his own.This book's title is somewhat misleading. One would think it would focus heavily on financing. However, while he does touch on it, talk of financing is used to segue into how you (yes, YOU!) can get rich by investing in real estate. He is, or is a disciple of, one of those guys in the infomercials that say how easy it is to leverage your McDonald's wages into purchases of multi-unit complexes. Yes, real estate can be an effective wealth-building tool. However, this guy is fanatical to the point that he can no longer be objective. The prime, and most irritating, example that keeps emerging in the book (as far as I made it) is his apparent belief that real estate investment is free of risk. He suggests that you should use renters to allow you to buy multi-unit properties on a small income. I live in Seattle, and when the bubble burst there was suddenly a GLUT of rental housing in the area - having vacancies makes it pretty damn hard to make those payments. He also recommends paying your mortgage off quicker instead of using the extra money on other investments. Why? Because those other investments are risky he says. Hey, Mr. PhD - real estate prices can drop just like any investment (just ask residents of San Francisco). If your house is suddenly worth less than when you bought it - all of that extra capital being used to pay off the mortgage in 15 years instead of 30 is going in the toilet. The author proposes some interesting hypotheses worthy of exploring. Unfortunately, it is hard for me to trust any of his conclusions because I question his ability to think critically. |
|
Listmania!
Look for similar items by category
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
