Decoding the New Mortgage Market
Amacom (Verlag)
978-0-8144-1400-2 (ISBN)
The housing market is in turmoil, but if there’s a silver lining, it’s the fact that purchase prices are at historic lows. Sure, there are still plenty of predatory lenders waiting to exploit the naïve potential buyer, but those who do their homework will be rewarded with a fair price and manageable mortgage terms.Decoding the New Mortgage Market is a map to finding the best and most realistic mortgage deals while navigating past potential obstacles and traps. Filled with money-saving advice.Because lenders and buyers alike have gotten “burned” in the mortgage crisis, find ing and qualifying for a manageable loan may now be more difficult. Read ers will find that Decoding the New Mortgage Market makes the search both easier and more fruitful, and that their dreams of home ownership are still within their reach.
David Reed is the author of many books including Mortgages 101 (9780814401668) and Mortgage Confidential (9780814473696). As a senior loan offi cer, he has closed more than 2,000 mortgage loans. He is a columnist for Realty Times and Mortgage Originator magazine.
CONTENTS
Chapter 1 What Happened, and How Did We Get Here? 1
Chapter 2 Fannie Mae and Freddie Mac: Underwriting Changes That Affect Every Potential Homeowner 16
Chapter 3 Government-Backed Loans: VA, FHA, and USDA 46
Chapter 4 Qualifying the New Way: Understanding Automated Underwriting Systems 74
Chapter 5 Banks, Mortgage Banks, and Mortgage Brokers in the New Mortgage Market 102
Chapter 6 Loan Programs: Which Is Right for You? 134
Chapter 7 Funds for Closing: Down Payments and Closing Costs 161
Chapter 8 What to Do When Things Go Wrong 195
Appendix: Monthly Payment Schedules 212
Glossary 218
Index 245
| Erscheint lt. Verlag | 16.1.2010 |
|---|---|
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 150 x 231 mm |
| Gewicht | 383 g |
| Themenwelt | Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse |
| Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Immobilien / Grunderwerb | |
| ISBN-10 | 0-8144-1400-1 / 0814414001 |
| ISBN-13 | 978-0-8144-1400-2 / 9780814414002 |
| Zustand | Neuware |
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