Mortgage Myths

Ralph R. Roberts 지음

Wiley 2008년 03월 28일 출간

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In Mortgage Myths, Realtor Ralph Roberts and mortgage consultant Chip Cummings take aim at the 77 mortgage myths that prevent so many would-be homeowners and real estate investors from pursuing their dreams of homeownership. You-ll learn the difference between good and bad debt, how to make mortgage approval easier and simpler, and how to use other people-s money to leverage your investments. This is the ultimate guide to getting the great deal you deserve.

목차

Foreword.Introduction.Section 1. Where Do I Start?Myth #1 - Renting is Better than Buying.Myth #2 - I Can't Qualify for a Loan.Myth #3 - Only U.S. Citizens Can Qualify for a Mortgage.Myth #4 - I Should Look at Some Houses First.Myth #5 - I Need a Down Payment - But I Don't Have the Funds.Myth #6 - I Should Make the Biggest Down Payment I Can.Myth #7 - Mortgage Companies and Loan Officers are Licensed and Regulated.Myth #8 - Big Lenders and Major Banks are Always Better.Myth #9 - My Best Bet is to Use a Friend (or Someone Local).Myth #10 - I'll Find a Better Deal on the Internet.Myth #11 - I Can Get a Higher Return by Investing in Stocks.Section 2. Playing "The Mortgage Game".Myth #12 - My Main Goal is to Snag the Lowest Interest Rate.Myth #13 - The Federal Reserve Controls Interest Rates.Myth #14 - Stay with "Fixed Rates" - ARM's Are Just Too Risky.Myth #15 - A Shorter Term Always Beats a 30- or 40-Year Term.Myth #16 - My Credit History Needs to be Perfect.Myth #17 - My "Credit Score" Determines My Loan's Approval.Myth #18 - Be Conservative - Don't Stretch Yourself.Myth #19 - I'm Divorced or Declared Bankruptcy... So I'll Never Qualify.Myth #20 - Special Financing Programs Aren't Available to Me.Myth #21 - I Should Avoid "Mortgage Insurance".Myth #22 - The "Good Faith Estimate" Guarantees My Closing Costs.Myth #23 - I Have to Use the Realtor/Builder's Loan Officer.Section 3. Selecting the "Right" Home.Myth #24 - I'll Save Big Money Buying FSBO.Myth #25 - I Have to Shop Within a Certain Price Range.Myth #26 - Everything Is Included in the Sales Price.Myth #27 - The Appraiser Will Specify the Value and Any Required Repairs.Myth #28 - The Real Estate Agent Will Protect Us.Myth #29 - Condos Are Bad Investments... and Hard to Finance.Myth #30 - Seller Disclosures are Complete and Accurate.Myth #31 - I Should Buy the Biggest House at a Bargain Pric

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저자(글) Ralph R. Roberts

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Ralph R. Roberts, ambassador of enthusiasm, has been dubbed by Time magazine quot;the bestselling REALTOR#174; in America.quot; He is also an award-winning and internationally recognized speaker, real estate team coach, and business consultant, as well as the coauthor of Flipping Houses For Dummies, Foreclosure Investing For Dummies, and Advanced Selling For Dummies.Chip Cummings, CMC, is a twenty-three-year real estate finance veteran and has been an originator, broker, banker, and president of both large and small mortgage companies. He is an international speaker and business consultant, as well as author of ABC's of FHA Lending and Stop Selling and Start Listening! He has written dozens of articles for magazines and has been featured on various radio and TV programs.