Preface xiii
Introduction: Before You Think about Buying a Property 1
Part I - REAL ESTATE BASICS.
Chapter 1: How the Real Estate Market Works 13
Chapter 2: Buying a House: The First Steps 25
Chapter 3: Why Buying a Condominium Is a Different Animal 43
Chapter 4: Is the Price Right? 55
Chapter 5: Getting Expert Advice Before You Buy 65
Part II - ALL ABOUT MORTGAGES.
Chapter 6: Mortgage Basics 87
Chapter 7: Mortgages Don't Come Cheap! 109
Chapter 8: Finding the Mortgage That's Right for You 119
Chapter 9: What Happens If You Can't Keep Up with Payments? 139
Chapter 10: Government Programs That Can Help the Homebuyer 145
Chapter 11: Ways to Help with Mortgage Payments 155
Chapter 12: Some Financial Options for Seniors 165
Chapter 13: Creative Financing Secrets177
Chapter 14: Renew, Refi nance, and Renegotiate 181
Chapter 15: Investing in Mortgages 193
APPENDIX.
Checklist 1: Preparing for a Mortgage 215
Checklist 2: Purchase Expenses Checklist 221
Sample Form #1: Personal Cost-of-Living Budget (Monthly) 223
Sample Form #2: Personal Net Worth Statement 226
Sample Form #3: Calculating Your Gross Debt-Service (GDS) Ratio 232
Sample Form #4: Calculating Your Total Debt-Service (TDS) Ratio 234
Helpful Websites 236
Glossary 238
Index 243
Reader Feedback and Educational Resources 257
About the Author 258
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