Book Description
The procedure of buying a home can be a scary experience. There are a lot of people to deal with, from realtors to attorneys to bankers. There's tons of paperwork with terms and vocabulary that read like a foreign language. In this new book you will find vital information and great strategies that will allow you to find your dream home faster and feel confident about the purchase. You will learn to avoid some of the most prevalent—and potentially dangerous and expensive—mistakes made by first-time home buyers.
According to Money Magazine, "Over the past five years, home values nationally have risen 65 percent while the stock market has fallen." Now is the time to get into the real estate marketplace. With the help of this comprehensive new guide, you will learn how to find the best opportunities, negotiating, financing, budgets, needs and wants, credit reports, home-buying timeline, the process of building a house, manufactured homes, real estate and mortgage glossaries, setting values, home warranties, homeowners insurance, creative financing, buying with little or no money down, closing, moving plans, walk-throughs, closing and settlement inspections, legal contracts, mortgages, what you can afford, deciding which neighborhood to choose, hiring a realtor, which government agencies can help, considerations for veterans, IRA use, hiring an attorney, the offer, calculating monthly payments, and escrow.
This comprehensive resource contains a wealth of modern tips and strategies for financing and closing on a property. The author shows readers how to find out how much they're really worth, how to uncover unknown assets, and how to enhance credit ratings within six months, provides information and suggestions on everything from no-down-payment mortgages to finding the right agent. It leads you down the path to home ownership, one step at a time. Though you may be relatively cash-poor or have a less-than-perfect credit rating, you can acquire a mortgage and find the house you've always wanted.
Customer Reviews:
Fantastic Information.......2007-08-27
I just recently finished it and I feel like having taken a course on Real Estate 101. It is helpful, practical, and easy to read. It has great tools like check-off lists and sample contracts all on a complimentary CD.
We are looking into buying a house and this has given me a great base of knowledge to start making smarter decision.
Worth the $$.
excellent advice for all homebuyers.......2007-01-11
Though this book's title specifies that it's for the first time buyer, my advice would be to pick it up and read it thoroughly regardless of how many times you've bought or built. It is a super compendium of all the steps a buyer needs to take, including information on motivation and emotions in home buying, taxes, paperwork, hiring a professional advocate such as a lawyer or real estate agent, and an in-depth discussion of how to find out your credit score. The section on credit also gives good advice about establishing and maintaining a good credit score that would be helpful for anyone trying to finance a large purchase. The information in this book should be available from the real estate agent you're working with, but it's good to know it yourself in case the agent isn't keeping your well-being in mind at all times.
I also appreciated the straightforward, matter-of-fact tone of this book. There were no embellishments, just the information in a logical, easy to understand format. It also includes a 15 page glossary, helpful for the novice. Five stars out of five.
Feel Confident Buying Your First Home.......2006-12-21
First off, let me say that my husband and I really appreciate the CD. It has all the forms and lists we needed to feel confident when we bought our first home. From building costs and budget worksheets, to banking support, these documents were a big help.
From why you want to own your own home, what to do when you find the one you're looking for, and what to expect at closing, this handbook walks you through the process. This step-by-step guide shows you how to fill out the attached forms and gives you confidence that is sure to eliminate any buyer's remorse you would have felt after your purchase.
Overall, the book was very helpful and will be a useful tool for anyone going through the process for the first time. Buying your first house doesn't have to be scary. This handbook makes the process an understandable and exciting experience.
Even building your own house is examined in this excellent, wide-ranging guide recommended for its easy explanations........2006-12-12
The First-Time Homeowner's Handbook: A Complete Guide and Workbook for the First-Time Home Buyer comes with 30 forms on a convenient cd-rom and covers the entire experience of buying a home, from understanding terminology and confusing points to avoiding common, expensive mistakes. Chapters cover the basics from how to look and assess to financing and closing. Even building your own house is examined in this excellent, wide-ranging guide recommended for its easy explanations.
Diane C. Donovan
California Bookwatch
Exceeded my hopes and expectations.......2006-11-09
I was a little nervous about buying yet another book on how to buy my first home. After all, if I had spent all the money I spent researching the concept on my down payment... Well, ok may that's a bit of an exaggeration. I was still skeptical I could learn anything new, but I was wrong. This book is different from other guides in that it provides accessible information for me, the everyday Joe Q. public person. I don't have a trust fund to take care of my bills, my credit isn't pristine for the past billion years, and my credit-to-debt ratio reflects 8 years of college from a working class environment. Yet, this book gave me answers, strategies, and lots of helpful information that was more than just hope. It made it seem possible. Nothing is just glossed over; rather there are comprehensive guides, tools, and strategies to make owning your own home a reality. The forms included on the CD are a bonus as well! And in PDF format for a win so it's simply filling it out on screen, printing and moving forward with no excuses left! I can't wait till I finally close!
Book Description
Break into the brokerage business.
Here is a step-by-step handbook to joining this elite group. Written by an accomplished mortgage broker with more than 15 years in the business and 2,000 deals to his credit, this book covers everything from whether or not real estate financing is the right career move to how to master the skills necessary to be successful.
• Overview of a day in the life of a mortgage broker—including the pros and cons of the career
• A self-test to help readers determine if the brokerage business is right for them
• Licensing and educational requirements, advice on successful networking, and basic mortgage information
• In 2004, there were over $3.8 trillion in mortgage originations nationwide—an all-time record— according to The Mortgage Bankers Association
Customer Reviews:
A Broad Overview and Practical Tips.......2007-08-31
This book is great. It gave me a broad overview of the mortgage industry and practical tips to get started as a mortgage broker. This book covers everything from are you the right person for this industry?, how to interpret financial indicators?, how to put all the success-proof components (knowledge, marketing, and technology) in motion?, what types of loans are available?, how to open your own shop when you are ready?, to even how to strike a work life balance? This is an easy read and I highly recommend it to anyone who might be interested in getting started in the mortgage industry.
Thanks Dan for writing such a valuable book.
DANIEL KAHN REALLY OUT DID HIMSELF!!.......2007-08-21
I've read several Mortgage Broker books in preparation of starting my own Mortgage Broker firm. I can sincerely state that this is the most concise and informative Mortgage Broker book I've read. Daniel not only breaks the Mortgage Industry down into layman terms, but he also provides his readers access to his personal business web site.
GREAT JOB DAN!!
Real estate sales person recommends this book!.......2007-08-05
As a real estate sales professional for almost twenty years, I know how important it is to work with a competent mortgage broker. Dan Kahn gives great insight into what it takes to become a success in the mortgage business - he lays it out from just getting started to getting ahead. This book is also a valuable reference tool for home buyers since it explains the mortgage process and its lingo. I found it an easy read and a book to keep for future reference.
Insightful Read.......2007-06-27
I am not much of a reader at all, but this book is clear and to the point. If you are new to the mortgage industry this book will give you a good base of knowledge to get you started. It will not teach you all of the ins and outs, but will introduce you to terms and ideas essential for understanding what the heck you are talking about to clients. Some of the contents are a little more than the beginner needs to know, but you can easily bypass those parts. Overall a good book!
Great Book!.......2007-04-12
Well researched. Content decently put together. Makes you want to just keep reading. Great job author! Serves as good reference material too. Good for keeps.
Product Description
In recent years, stock market investing has been proven unstable and not very rewarding. In fact, many people have seen their retirement and personal holding accounts dwindle. This new book provides an alternate to investors. It provides detailed information on how to put money to work in a relatively safe private mortgage investment with a high return of 12 to 15 percent (or more) in most cases. Private mortgages have grown into a multi-billion-dollar industry. This market allows investors to earn substantially higher yieldswhile offering the security of real property to back the loan. Private mortgages have become an important fixed income vehicle for many investors with their personal funds, equity, and self-directed IRA accounts. Private mortgage investing isnt for the get-rich-quick type of person. However, you can comfortably double your money every 4 to 6 years. For example, should you invest in your self-directed IRA and re-invest as notes pay off? $100,000 at 12 percent grows to over $200,000 in six years, to $500,000 in 13 years and to over $1 million in 19 years. Private mortgage loans are backed by real property. Generally, you would not lend more than 55 percent on the value of the property, thus the investment is again relatively safe. Instead of concentrating on the borrowers credit history, private mortgage lenders concentrate their investment decisions on the real property itself. However, like any business or investment, there are a lot of details to learn, and you do not need to learn them on your own. Learning them on your own can be costly. In this economic environment of very low interest rates, you can still earn high yields with virtually little or no risk to your investment.
Customer Reviews:
Solid guide to private mortgage investing.......2007-03-27
Clark's book covers the basics that any investor will need to know, including why to choose private mortgage investing (and what your other options are) and how to go about doing it. It covers all of the different aspects of mortgages such as fees, interest rates, and even has handy tables to help you out. The appendices are the best feature as they have all the forms you will need as well as a comprehensive glossary (very useful!). This book covers everything you need to know to succeed, but were too scared to ask about. It even has case studies and examples explained with real numbers that help tie the whole thing together. I would recommend this book to anyone wanting to start earning money with private mortgage investments.
Invest in this book today.......2007-01-03
This book is straightforward and gives you a tremendous amount of information about investing in private mortgages. Unlike a lot of books of the investment genre, it does not try to sell you on services provided by the authors. In fact, I wish the book had a bit more reference material for making contacts to get started with this type of investing.
Desk Reference for ANY Investor!.......2006-12-20
Clark and Tabacchi have created a masterpiece of an educational and supportive tool that should become a desk reference for any investor from amateur through industry mogul. By providing the reader with an organized and easy to understand manual on the otherwise opaque investing industry, Clark & Tabacchi display their expertise in this subject matter by guiding the beginning investor through the processes of choice from traditional savings through stocks and bonds on to the lucrative market of Mortgage Investing.
The explanation of the reasoning behind the private mortgage industry that tells you why you would want to find yourself in this industry gets the juices flowing and interests peaked. Your journey includes a thorough exposure to strategies of Mortgage Investing, this resource is a must have companion.
A complete and honest investment guide.......2006-10-20
This is a well organized and very easy to understand investment manual, whether you are a newcomer or an old pro in the business of real estate. Included case studies and tables are effective in illustrating the process and possible outcomes of private mortgage investing. The author clearly explains all of the parameters to be considered when taking advantage of this type of investment opportunity. Points, fees, and procedures relevant to mortgages are explored in great detail. Safety measures, tax considerations, and foreclosure processes are also discussed, with examples of what could go wrong, and how to avoid losing your investment. This is a complete and honest assessment of private mortgage investing, with excellent references and suggestions of how to get started or increase the success of your investment activity.
Everything you need to know to succeed at private mortgage investing.......2006-10-10
Before reading Private Mortgage Investing, I knew very little about private mortgages. However, after reading it, I feel as though I really have the information I need if I decide to take this path of investing. This book provides an in-depth look at every aspect of private mortgage investing from getting the most out of your IRA to ways to invest your money. One of the most helpful sections of the book was the discussion on how to find potential borrowers - and discovering there are plenty of them out there. In fact, it was surprising to learn that 1.9 million homes were purchased by investors in 2004 - that's 23 percent of all home sales!
For me, the best part of this book is the case studies. Reading about an 18-year-old who is already investing her money and a 73-year-old who turned to private mortgage investing is an inspiration - it proves that anyone can invest their money in private mortgages and make a nice profit. Furthermore, the case studies provide valuable tips - such as the importance of working with a reputable, trustworthy broker - from investors who know what it takes to succeed.
There are also eight exhaustive appendices, one of which includes sample forms, among them an example of a mortgage note and a mortgage commitment letter. The second appendix features a complete loan package from a broker. Everything you need to get started is in this book! All in all, Private Mortgage Investing is a must-read for anyone interested in really learning how to get into private mortgage investing.
Book Description
It pays to be in the know about mortgages.
An expanded and revised version of The Pocket Idiot's Guide to Mortgages, this essential volume covers everything homebuyers and re-financers need to know. Coverage includes an overview of the application process, overcoming qualification hurdles, finding the right type of loan, when and how to refinance to save money, and much more.
• Contains the forms readers need as they move through the mortgage process, including a sample application, pre-qualification forms, re-finance worksheets, and mortgage payment and amortization tables
• Expanded, larger-format edition
• Features all the new, creative mortgage programs that have become popular
Customer Reviews:
All You Need To Know.......2007-08-03
I read this book after working for a Title Insurance company for quite some time, and I must say, it covers everything you need to know! I worked in the accounting department so I was vaguely familiar with the buying process but had a lot of questions when I decided to buy my first home. This book answered every question I had, and some that I hadn't even thought of! I suggest that you read it before even deciding whether or not to buy a home. It takes you step by step through the complex process, from figuring out what you can afford, to loan pre-qualification, to choosing the right loan, to finding the perfect home, closing the sale, and even refinancing! Many a naive home buyer has found themselves in a bad situation - this book is your best defense!
Book Description
The resource unlocks the door to the American dream - Home ownership.
Customer Reviews:
Simply a must read for all real estate agents and buyers.......2007-01-09
This book is a breakthrough manual for "how-to" buy real estate. Using simple language, a large number of examples, and an organized approach to each chapter, Marilyn Sullivan shows every real estate agent and home buyer innovative techniques for obtaining real estate.
I knew that Equity Sharing was a proven technique to buy and sell real estate, but this book outlines strategies for real life situations. If you are getting a divorce and want to keep your home, The New Home Buying Strategy shows you how to do it! If you don't have enough money for a downpayment, and if you wisely don't wish to buy with 100% financing, then the New Home Buying Strategy shows numerous examples of exactly how to locate an investor and make your dream come true. By the way, a hidden benefit of this book is that it is a significant help to investors as well as buyers. The book is filled with tables, illustrations and real life examples of how to calculate ownership percentages, payoffs, buyouts, etc. In other words, what I loved about this book was that it is truly an operating manual, not just another overview book. I highly recommend this book, its author, and the concepts around which the book is written.
So far, *so* good.......2007-01-09
I have only read the first three chapters, but so far, I find the content clear, direct, and nicely repetitive -- just enough to function as cumulatively self-drilling in the basics of joint ownership. The writer clearly knows what she is talking about, and her enthusiasm comes through to make the read an eager one. I would have rated this a '5,' but I haven't finished the book yet, and who knows what's in store.
Customer Reviews:
perfect.......1999-01-15
Concise, expert information. A true gem
Average customer rating:
|
The Complete Guide to Real Estate Loans
Andrew James McLean
Manufacturer: McGraw-Hill/Contemporary
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Binding: Paperback
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ASIN: 0809254719 |
Book Description
Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting money from your home. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income.
With The Complete Guide to Reverse Mortgages, you'll learn all you need to know to earn the supplemental income you need, without worrying about:
- Having to sell your home
- Give up your title
- Or take on a new monthly mortgage payment.
This invaluable guide explains everything you need to know about reverse mortgages and how to use them to your advantage. With practicing attorneys Tyler Kraemer and Tammy Kraemer leading the way, you will learn the step-by-step process to getting a reverse mortgage and making the best of your retirement!
Books:
- The Handbook of Large Group Methods: Creating Systemic Change in Organizations and Communities (Jossey-Bass Business & Management)
- The Loan Officer's Practical Guide to Residential Finance
- The Pre-Foreclosure Real Estate Handbook: Insider Secrets to Locating and Purchasing Pre-Foreclosed Properties in Any Market
- The Wealthy Writer: How to Earn a Six-Figure Income As a Freelance Writer (No Kidding!)
- Tools and Tactics for the Master DayTrader: Battle-Tested Techniques for Day, Swing, and Position Traders
- Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions
- West Federal Taxation 2007: Individual Income Taxes, Volume 1, Professional Edition (West Federal Taxation Individual Income Taxes)
- Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Consultants (6th Edition)
- 10 Secrets to Successful Home Buying and Selling: Using Your Housing Psychology to Make Smarter Decisions
- 10 Secrets to Successful Home Buying and Selling: Using Your Housing Psychology to Make Smarter Decisions
Books Index
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