Tips & Traps When Mortgage Hunting, 3/E

By Robert Irwin

Book Overview

WITH HUNDREDS OF MORTGAGES NOW AVAILABLE, HOW DO YOU CHOOSE THE ONE THAT'S RIGHT FOR YOU?

Congratulations Chances are you're buying a new home or refinancing an old one and are now in the process of applying for a mortgage loan. Before making any decisions that could affect the next 30 years of your life, arm yourself with this edition of Tips & Traps When Mortgage Hunting.

There are so many loans now available for practically every situation. America's leading real estate authority, Robert Irwin, will help you cut through the confusion and find the mortgage that fits your needs and is right for your budget. If one of your biggest concerns is paying too high an interest rate, or shelling out excessive cash for closing costs, this book will save you money by showing you how to find the lowest rates available. In easy-to-understand language, Irwin explains...

When to use a mortgage broker and how to find the right oneHow to use the latest technology to conduct a mortgage search onlineHow to shop for and lock in the lowest interest rateHow to avoid being denied a mortgage because of a credit problem

This clear and comprehensive guide will provide you with the most up-to-date information and insider tips to help you avoid the traps of mortgage hunting and find the right mortgage at the right, /p>

• Format: Paperback
• Language: English
• ISBN: 0071448926
• ISBN13: 9780071448925
• Release Date: June 2005
• Publisher: McGraw-Hill Companies
• Length: 288 Pages
• Weight: 0.90 lbs.
• Dimensions: 0.8" x 6.3" x 9.2"

Customer Reviews

good author

I found Irwin's Tips & Traps When Buying a Home useful when I bought my first house. I expect this to be useful also.

Good book for those who want to understand mortgages and r/e

First off, if you just want to buy a house and not deal with much, find a good broker (of course, that assumes you can find a good broker) and set them loose with specific requirements.This book is more worthy of people who want to learn more about mortgages and save themselves anywhere from 1000 to 5,000 dollars on average. More if you really dig but this isn't the book for big saves in real estate.Irwin will take you through all the various steps in(1) figuring out your credit rating and what you can and cannot get with it;(2) different types of mortgages and which ones to use;(3) how to figure out your payment schedule; how to not get in over your head; (4) the little costs for escrow and banks and other costs; some of which you can have removed;(5) dealing w/ a broker;(6) various loans to seek out, including govt ones;(7) dealing with the seller; and(8) how to make sure you don't get ripped off.Overall, this is a great book for the first time investor or someone who wants a home and wants to save a few thousand dollars (or more). Not worth your time, as it's too complicated, for those who want to spend little time learning about it.

A must have!

The most complete book I've ever seen on hunting for a mortgage. It explained in detail all my options. It even gave me a list of different types of mortgages that I could get and where I could get them. I found it invaluable in getting a lower than market interest rate mortgage from a mortgage broker. (Who cares if he was previously a real estate agent or not-see earlier reviews!)

good reading

I learned a lot about the mortgage busines