Mortgages For Dummies

by Tyson, Eric; Brown, Ray

• ISBN13: 9780470379967
• ISBN10: 0470379960
• Edition: 3rd
• Format: Paperback
• Copyright: 2008-10-06
• Publisher: For Dummies

Summary

Now updated! The proven guide to negotiating the best mortgage terms--and surviving today's lending crisisIn today's hostile real estate market, homebuyers and owners are daunted by the prospect of securing a mortgage. In Mortgages For Dummies, Third Edition, bestselling personal finance authors Eric Tyson and Ray Brown give borrowers timely solutions, whether they need a loan to buy their first home, want to refinance their existing mortgage in the face of escalating payments, or tap into the equity they've built up. This revised edition features up-to-the-minute information on subprime and adjustable-rate mortgages, as well as updated worksheets and tools for calculating the costs and payments associated with a mortgage. Tyson and Brown decipher the jargon and point out all the fiscal pitfalls that borrowers need to know, showing them how to determine their borrowing power, select the right loan, find the best lender and options, and fill out all the paperwork correctly. This no-nonsense, comprehensive resource is a must for every homeowner or homeowner-to-be.For Eric Tyson's biography, see page 67.

Author Biography

Eric Tyson, MBA, is a financial counselor and the author of numerous bestselling For Dummies books on personal finance, investing, real estate, and small business. Ray Brown has been a real estate professional for more than three decades. He hosts a real estate show in San Francisco.

Table of Contents

Introduction

Fine-Tuning Your Finances

Determining Your Borrowing Power

Qualifying for a Mortgage

Scoping Out Your Credit Score

Locating a Loan

Fathoming the Fundamentals

Selecting the Best Home Purchase Loan

Surveying Special Situation Loans

Landing a Lender

Finding Your Best Lender

Surfing the InternetÆs Mortgage Sites

Choosing Your Preferred Mortgage

Managing Mortgage Paperwork

Refinancing and Other Money Generators

Refinancing Your Mortgage

Reverse Mortgages for Retirement Income

The Part of Tens

Ten

Ten Mortgage No-Nos

Ten Issues to Consider Before Prepaying Your Loan

Appendixes

Loan Amortization Table

Remaining Balance Tables

Glossary

Index

Table of Contents provided by Publisher. All Rights Reserved.