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Thorough and objective guide:
I just closed a loan on my first home and I found this book to be a helpful guide. It's not as sensationalistic as the title might imply, but it prepared me to know what questions to ask and how to get my credit,income, and bills in shape before I put in my loan application. Although I took out a new loan, this book goes into assumptions, seller financing, and other financing choices that I didn't know much about. I think a lot of people looking to buy might find these alternatives worthwhile. Overall, a profitable read. P.S. This book is not an "infomercial" or "get rich quick" hype. It also strongly warns against misleading a lender--none of the advice is "fraudulent." I find it interesting to read other reviews and sometimes wonder if they actually read the book they are reviewing. Not just here, but with many other popular authors. Oh well, such is life.
The author writes like a used car salesman:
The author writes like a hustler who is trying to con you into believing he is something he isn't. From the quality of the information in this book, the author certainly seems to understand mortgage. Yet, the street-wise tone of the author actually curbs his own credibility. He uses phrases such as "Avoid the bang of a bursting balloon","How to borrow jumbo amounts without paying jumbo rates", and "(author) simplifies complicated math...(and) make sure your loan rep is being honest with you". Such lingo belongs in an infomercial. Beyond his own hoopla, the book does contain valuable information. Just don't buy into his own hype.
Wealth of knowledge for the amateur:
I am new to real estate investing and I have minor experience as a loan officer. This book provides in depth detail and easy to understand knowledge on the most effective ways to obtain the correct mortgage financing for an individual based on their situation or need. The books also gives you a great amount of resources to obtain more help and knowledge on the subject of mortgages. I would highly recommend this book, and I might also add it is very easy to read and comprehend the concepts discussed in the book.
I liked it:
I read this book in its entirety. I liked it very much. It gives concise, direct, and objective advice to the novice. I do not see how someone may give this book 1 star. At least this book is useful.
Great resource:
I found (most of) this book to be extremely helpful as I entered the realm of buying real estate. Some of the tips are geared towards investment properties, but I found it to be a great source of information for anyone interested in purchasing property. This may not be ideal for someone with extensive knowledge, but it was great for my purpose, which was learning a little more about how things work and tricks to keep from losing your shirt in a real estate deal.
| Author: | Gary W. Eldred | | Binding: | Paperback | | Dewey Decimal Number: | 332.722 | | EAN: | 9780471263951 | | Edition: | 1 | | ISBN: | 0471263958 | | Number Of Pages: | 256 | | Publication Date: | 2003-03-21 |
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