- ISBN13: 9781592579488
- Condition: USED - Like New
- Notes: 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
New rules in the housing market call for a new rulebook...
A wealth of info for consumers and mortgage professionals.
In the current credit environment, rules have changed for prospective home buyers-and this book explains them. Beginning with what makes up a FICO score, how to improve that score, and how to show a better credit profile; The New Rules for Mortgages explains the new credit guidelines that apply to mortgages. It sheds light on issues that can arise with appraisals, title searches, and home inspections, and provides hard-headed advice. Using real- world examples, it covers the home buying and financing process in every situation, providing tips and exposing secrets that enable readers to improve their current or future position in the housing market.
A must-have for home buyers and homeowners interested in refinancing, The New Rules for Mortgages also belongs on the reference shelves of realtors, financial planners, and attorneys.
Contents
1. The All-Important Credit Score
2. Income: Yeah, You Need That!
3. Money Matters
4. A Good Look at the Property
5. What Mortgage Is Best for You?
6. Where to Get the Best Mortgage
7. The Loan Process
8. Interest Rates, Closing Costs, and the Closing
9. Types of Property
10. Protecting Your Homeownership: Divorce, Dispute, and Death
11. You Are a Homeowner!
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If your loan officer cannot tell you the status of your loan your not dealing with the right company. Many loan officers operate their business as though their playing a mean game of hot potato...they get you in the door as a hot lead....get your basic info then pass you off to a loan processor expecting them to wrap it up so they can go out and hustle more loans. Lots of balls get dropped that way. Its a poor way to serve peoples mortgage needs. If you call your loan officer and they cant tell you where your loan is in the process, what documents they are waiting on and from whom, whether or not they have the fully executed contract, appraisal, and inspection documentation (what ever the contract requires the lenders want) and if your rate is locked or not then you need to either go over someone's head and make it clear you expect a complete status on your loan or you will have to find a mortgage advisor who knows how to get things done. This guys system is not working as a team. If you can't call his processor directly and get answers, and he [...]