Mortgages For Dummies

Více o knize

Need a mortgage but concerned about the market? This comprehensive guide offers proven solutions for obtaining a mortgage, whether you're buying your first home, refinancing, or accessing your equity. It covers the latest on sub-prime and adjustable-rate mortgages, finding the best lender, and avoiding financial pitfalls and foreclosure. This easy-to-understand, jargon-free resource helps you assess your finances, determine what you can afford, and improve your credit score before mortgage shopping. You'll learn about the pros and cons of fixed and adjustable-rate mortgages, 15- and 30-year loans, and conforming versus jumbo packages. It also provides guidance on finding and working with reputable professionals, comparing programs, and securing favorable terms. Key topics include matching your mortgage to your financial goals, qualifying for a mortgage even in tight situations, choosing the right loan, negotiating terms, calculating costs and payments, and completing necessary paperwork. Additionally, the guide explores refinancing options, special situation loans, reverse mortgages, and how to effectively use the Internet for mortgage shopping. In today's market, you need clear, reliable information to secure the mortgage you need at an affordable price.