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All about Mortgages: Insider Tips to Finance or Refinance Your Home

All about Mortgages: Insider Tips to Finance or Refinance Your Home
"All About Mortgages delivers straightforward information in an easy-to-understand, question-and-answer format that meets the needs of all players, buyers, sellers and agents. This new edition contains money saving information on topics such as mortgages and the Internet; when to refinance and when not to prepay; what to do when the lender says "no"; the latest on FHA loans; and more. Also included are a resource guide listing Internet sites and the names and contact information for consumer lending organizations and other valuable consumer resources.



106 Mortgage Secrets All Borrowers Must Know: But Lenders Won't Tell by Gary W. Eldred,
106 Mortgage Secrets All Borrowers Must Know: But Lenders Won't Tell by Gary W. Eldred,
One of America’ s top real estate authorities explains the inside secrets of the mortgage business Each year, more than ten million American homebuyers, homeowners, and realty investors enter the mortgage arena to finance or refinance their homes and rental properties. And each year, millions of borrowers pay more than they have to. But you won’ t be one of them with Gary Eldred’ s 106 Mortgage Secrets All Homebuyers Must Learn– But Lenders Don’ t Tell. Eldred explains all of your mortgage options and gives you the inside information you need to make the most intelligent money-saving choices. He simplifies the complicated math of mortgage financing and tells you how to make sure your loan rep is being honest with you. He covers every aspect of the mortgage process and highlights the key criteria you should always consider when making your decision. With these 106 secrets, you’ ll have the confidence and the knowledge to: Increase your borrowing power Get the lowest interest rate Understand ARMs Cut the cost of mortgage insurance Save big with seller financing, foreclosures, and REOs Perfect your credit profile Avoid getting taken by the fine print Get maximum return on your home investment There’ s no reason to get a good mortgage, when you can get the perfect one for you. Simple, concise, and comprehensive, this book covers everything mortgage hunters should know– especially the 106 secrets lenders don’ t want to reveal.



Home Owners Loan Corporation - The Home Owners Loan Corporation was a New Deal agency established in 1933 to refinance homes to prevent foreclosure. It was usually used to extend loans from shorter, expensive payments of the 15 years to the lower payments of the 30 year loans.

Mezzanine loan - A mezzanine loan is a relatively large, unsecured loan (a loan that is not backed by a pledging of assets) with a maturity of at least five years. The loan carries a detachable warrant (the right to purchase a certain number of shares of stock or bonds at a given price for a certain period of time) or a similar mechanism to allow the lender to share in the future success of the business.

Interest-only loan - An interest-only loan is a loan in which for a set term the borrower pays only the interest on the capital; the capital remains owing. At the end of the term the borrower may renew the interest-only mortgage, repay the capital, or (with some lenders) convert the loan to a principal and interest payment loan at his option.

Equity loan - An equity loan is a mortgage placed on real estate in exchange for cash to the borrower. For example, if a person owns a home worth $100,000, but does not currently have a lien on it, they may take an equity loan at 80% loan to value (LVR) or $80,000 in cash in exchange for a lien on title placed by the lender of the equity loan.



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Refinance Mortgage Loan - Refinance Mortgage Loan Mortgages for Dummies For typical homeowners, the monthly mortgage payment is either their largest or, after income taxes, second-largest expense item. When you?re shopping for a mortgage without the proper knowledge, you could easily waste 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 refinance mortgage loan ...

Refinance Car Loan - Refinance Car Loan Mortgages for Dummies For typical homeowners, the monthly mortgage payment is either their largest or, after income taxes, second-largest expense item. When you?re shopping for a mortgage without the proper knowledge, you could easily waste 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 refinance car loan ...

Home Loan Mortgage Refinance Loan - Home Loan Mortgage Refinance Loan Mortgages for Dummies For typical homeowners, the monthly mortgage payment is either their largest or, after income taxes, second-largest expense item. When you?re shopping for a mortgage without the proper knowledge, you could easily waste 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 home ...

Refinance and Consolidation Loan - Refinance and Consolidation Loan Mortgages for Dummies For typical homeowners, the monthly mortgage payment is either their largest or, after income taxes, second-largest expense item. When you?re shopping for a mortgage without the proper knowledge, you could easily waste 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 refinance and ...

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