Steiner’s Complete How-To-Talk Mortgage Talk
Product Description (1000 characters, including spaces):Did you know that your home is NOT the biggest purchase you’ll ever make in your lifetime? Your mortgage is your biggest lifetime purchase. At today’s rates, the MORTGAGE INTEREST you pay your friendly lender will be MORE THAN TWICE what you paid the seller for your home. Mortgage Talk takes a straightforward approach to getting the best loan for the consumer – whether you’re buying or refinancing. Set up as a glossary, you don’t have to read everything before you get started. Just go to the part you need, use the evaluation forms in the book for interviewing lenders, finding the best, and you’re there.
Customer Review: Steiner’s Complete How-to-talk Mortgage Talk
This book is very basic and may be good for the first time homebuyers. As a mortgage professional, I was looking for something to help with my corporate training material for new associates. I continue this search.
Customer Review: Inside information on geting a mortgage
Mortgage Insider Information
Whether you need a mortgage to buy a home or are refinancing your current home loan, this new book provides insight on some of the mortgage industry’s dirty little secrets.
Authors Clyde and Shari Steiner, who have written this book for the borrower’s (not lender’s) benefit, explain key mortgage terms and procedures in everyday English.
For instance, the authors explain computerized loan origination, the mysterious FICO borrower rating system, and why even the biggest mortgage lenders sometimes can’t deliver loan terms they promise.
The best part of the book is the practical advice, written by authors who have obtained 12 home mortgages. For example, the Steiners recommend applying with two lenders at the same time if closing the loan on schedule is critical.
The message “don’t trust lenders” to deliver on their promises comes through loud and clear. Another bit of practical advice is to treat the loan advisor as someone working primarily for the lender, no matter how nice that person might seem.
The book’s highlight is the section on individual nationwide mortgage source sites and 800 numbers. It lists virtually all major Internet sites for home mortgage information and making online loan applications to earn discounts. The Steiners rate each mortgage Web site too.
The appendix contains the National Money$ource Director, Loan Evaluation Checklists, Loan Amount Charts, Loan to Value Worksheets, Refinance Evaluator and Where To Get Credit Reports.
Much of the insider information is available nowhere else.
–From Review by Robert Bruss – Chicago Tribune Syndicate