Tips & Traps When Mortgage Hunting, 3rd Edition

Product Details

WITH HUNDREDS OF MORTGAGES NOW AVAILABLE, HOW DO YOU CHOOSE THE ONE THAT'S RIGHT FOR YOU?

Congratulations! Chances are you're buying a new home or refinancing an old one and are now in the process of applying for a mortgage loan. Before making any decisions that could affect the next 30 years of your life, arm yourself with this edition of Tips & Traps When Mortgage Hunting.

There are so many loans now available for practically every situation. America's leading real estate authority, Robert Irwin, will help you cut through the confusion and find the mortgage that fits your needs and is right for your budget. If one of your biggest concerns is paying too high an interest rate, or shelling out excessive cash for closing costs, this book will save you money by showing you how to find the lowest rates available. In easy-to-understand language, Irwin explains...

• When to use a mortgage broker and how to find the right one.
• How to use the latest technology to conduct a mortgage search online.
• How to shop for and lock in the lowest interest rate.
• How to avoid being denied a mortgage because of a credit problem.

This clear and comprehensive guide will provide you with the most up-to-date information and insider tips to help you avoid the traps of mortgage hunting and find the right mortgage at the right time.

Biographical Note

Robert Irwin is the author of McGraw-Hill's bestselling Tips and Traps series and is one of America's leading real estate experts. His books have sold more than one million copies.

Table of Contents

• Preface.
• 1. What Are the Mortgage Hunting Traps?
• 2. The Most Frequently Asked Mortgage Questions.
• 3. Should I Get "Pre-Approved"?
• 4. Where Do I Get a Mortgage?
• 5. Can I Get a Mortgage Online?
• 6. Can I Get a Prime "A" Mortgage?
• 7. Can I Get a Subprime Mortgage?
• 8. Can I Improve My Credit Rating?
• 9. Can I Get a Mortgage If I Don't Have Any Credit?
• 10. How Do I Get a Mortgage Fast?
• 11. How Do I Get a Mortgage If I'm Self-employed?
• 12. How Much Should I Pay in Mortgage Costs?
• 13. ARMS, 7/30s, Buy-downs, and Convertibles: Getting Lower Payemts.
• 14. Traps in an Adjustable Rate Mortgage.
• 15. Is a 0-Points Mortgage a Good Deal?
• 16. Can I Get a 125 Percent Mortgage?
• 17. How Do I Get Jumbo Mortgage?
• 18. Should I Opt for a Biweekly or Shorter Term Mortgage?
• 19. Can I Really Get a "No-Down" Mortgage?
• 20. What About "Creative" Financing?
• 21. Should I Consider an FHA or VA Mortgage?
• 22. When Should I Refinance?
• 23. Should I Pay Off My Mortgage Early?
• 24. How Do I Cancel Private Mortgage Insurance?
• 25. What Should I Do When Financing Foreclosure?
• 26. How Do I Prepare for the Loan Closing?
• 27. Are Mortgage Payments Deductible?
• 28. First Time Home Buyer and Other Special Loan Programs.
• Appendix A. Amortization Table.
• Appendix B. Mortage Finder.
• Appendix C. Mortage Terms.
• Index.