Mortgages for Dummies, Third Edition (For Dummies Series) - Softcover

Über die Autorin bzw. den Autor

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.

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The proven guide to getting the best mortgage — and surviving today's lending crisis

Need a mortgage, but worried about the hostile market? Bestselling authors Eric Tyson and Ray Brown give you proven solutions for obtaining a mortgage, whether you want to buy your first home, refinance, or tap into your equity. You get the latest on subprime and adjustable-rate mortgages, finding the best lender, avoiding fiscal pitfalls and foreclosure, and much, much more!

• Why this book is different — two real estate experts give you objective, jargon-free advice that takes into account your financial goals

• Fine-tune your finances — evaluate your expenses, calculate what you can afford, and improve your credit score

• Find the right loan for you — from fixed- and adjustable-rate to 15- to 30-year to conforming and jumbo, weigh all your options

• Choose the best lender/broker — interview and work with the cream of the crop, compare programs, and negotiate loan terms

• Consider special situation loans — from home equity to co-op to balloon loans, understand the tax consequences and legalities

• Handle refinancing and reverse mortgages — decide if you should explore these options, crunch the numbers, and save money

• Get helpful resources — recommended mortgage Web sites, loan amortization tables and comparison worksheets, and more

Open the book and find:

• How to qualify for a mortgage

• Ways to lower your interest rate

• Updated worksheets and tools for calculating mortgage costs and payments

• New information on foreclosures

• Tips for saving tax dollars

• Interview questions to ask lenders/brokers

• Expert guidance in completing all paperwork

• The dos and don'ts of using the Internet