Mortgages for dummies - Eric Tyson

The proven guide to getting the best mortgage and surviving todays 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 donts of using the Internet