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Overview
With updated information on new types of loans
From adjustable-rate mortgages to balloon loans, this friendly, easy-to-understand guide helps you find your way through the home-financing jungle. Bestselling real estate authors Eric Tyson and Ray Brown cover everything you need to know about the mortgage game and show you step-by-step how to get the best possible deal.
Read by Brett Barry
Synopsis
For typical homeowners, the monthly mortgage payment is either their largest or, after income tax, their second-largest expense item. When you’re shopping for a mortgage without the proper knowledge you could easily waster many hours of your time in addition to the financial losses suffered by not getting the best loan you can. Choosing the right mortgage can help you save money for more important financial goals such as higher education and retirement.
Updated with the very latest on every kind of load, this friendly, easy-to-understand guide will help you shop for the best home-purchase mortgage, overcome loan qualification obstacles, negotiate lower loan fees and closing costs, save for refinancing the house, or increase retirement income with a reverse mortgage. You can also determine your borrowing power, find the best lender and options and avoid fiscal pitfalls.