No Credit Required (Revised Edition): How to Buy a House When You Don't Qualify for a Mortgage

by Ray Mungo and Robert H. Yamaguchi

Book Overview

A guide to getting a mortgage with no credit features information on no credit-check FHA assumable mortgages, VA mortgages, ""owner will carry"" financing, ""lease with option,"" the 30/70 rule, and... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0451213106
• ISBN13: 9780451213105
• Release Date: January 2004
• Publisher: New American Library
• Length: 198 Pages
• Weight: 0.40 lbs.
• Dimensions: 0.6" x 5.3" x 8.0"

Customer Reviews

I'm the author -- a warning!

I'm one of the two authors of NO CREDIT REQUIRED. It's important to let you know that the new edition, revised, 2004, has about 40 per cent new material and this first edition, mass market paperback 1993, is outdated. A lot of things changed in real estate since 1993. That's why the publisher brought out our new revision! Thanks for all your support, the book has had great success and helped many people. Ray Mungo

Not bad, but pretty dated.

For the price, it's worth picking up. There was some pretty helpful information, particularly the 30/70 rule and some ideas on getting seller financing.The most disappointing part to me was getting excited about the no-qualifying, assumable loans discussed in the first few chapters. The more I read, the more I realized that this was relevant in 1993 (when the book was published). Today, at least in the Chicago suburbs, there are few to zero homes on the market that meet these conditions.That part aside, I learned some pretty useful things that will help me as I move towards buying a home with damaged credit. But it's not a miracle cure or a guaranteed thing.

Ways you could never imagine to get a house

Before reading this book, I knew nothing about buying a house, especially without qualifying for a mortgage. But this book showed me the way, it can do the same for you!

An excellent value!

Having read numerous books with similar titles, I now know that I could have stopped reading after 'No Credit Required'. It covers all the bases, and it leaves out the 'motivational filler' that you need to flip through in the other books. I was surprised that the book costing 1/3 the price of the other titles turned out to be the most informative! While you may glean an additional speck of knowledge or two from similar books, "No Credit Required' is definitely the place to start for first-time homebuyers.