Synopsis This book/disk package combines the latest computer and communications technology with savvy, practical mortgage advice. The author addresses issues such as: accurately assessing your financial status and buying power, selecting the proper loan configuration, prequalifying for loans, selecting a lender or mortgage broker, improving your credit rating, and minimizing the sometimes formidable paperwork.
| Details | | Publication Date: | 1996-12-01 |
| Size | | Length: | 207 pages | | Height: | 9.0 in | | Width: | 6.0 in | | Thickness: | 0.8 in | | Weight: | 12.0 oz |
Publisher's Note Savvy, streetwise advice, with free software to help with your calculations! Securing a mortgage to purchase a home can be one of life's most nerve-racking experiences. Navigating the Mortgage Maze is your ultimate road map through the twists and turns of the mortgage process. Bolstered by a wealth of entertaining and instructive stories and tips, veteran mortgage professional Andrew Turnauer guides you every step of the way in acquiring a mortgage, bringing his years of experience to bear on such issues as assessing your financial situation and buying power; selecting the proper loan configuration; prequalifying for loans; selecting a lender or mortgage broker; improving your credit rating; maximizing your collateral, capacity, and character; and minimizing the paperwork. Navigating the Mortgage Maze is truly interactive, and includes a free computer disk containing the intuitively easy-to-use QualifyR software, which enables you to perform a range of "what-if" calculations. The software compares interest rates, loan types, and many other factors to automatically calculate potential payments and income requirements. What's more, the book directs you to numerous online sites that offer even more help and information, including the author's own interactive site.
Industry Reviews Turnauer, a veteran of the mortgage industry and owner of a California-based national mortgage brokerage, shows how the mortgage application process has become an impersonal nightmare influenced by nationwide suitability criteria. Individuals applying for a mortgage will benefit from the advice Turnauer offers here. He illustrates the importance of selecting property that fits well-defined present and future needs. After discussing the various types of mortgages available, he reviews the decision process the mortgage company is likely to use in considering not only whether the loan will be given but at what rate. He provides a helpful glossary and numerous references to World Wide Web sites. Recommended to update personal finance collections. (Software not available for review.) Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y. Breitman
| See an error? Submit a change request |