Mortgages For Dummies - Softcover

For many of us, the single biggest financial transaction is buying a house. Even more significant than the hefty down payment we fork over is the 15- to 30-year mortgage that needs feeding every month. If you have this much at stake, a little knowledge can go a long way, which is where Eric Tyson and Ray Brown come in. In Mortgages for Dummies, Tyson and Brown (who also wrote Home Buying for Dummies and House Selling for Dummies) provide a comprehensive introduction for anyone who is contemplating a mortgage. The book tells you how to evaluate your creditworthiness, determine your borrowing power, and shop for a lender, as well as covering the various types of loans. The authors also devote a section to refinancing and discuss what you should consider when prepaying a loan. They include amortization and remaining-balance tables, and a useful glossary. Whether you're a first-time home buyer or are just looking to refinance, you'll find this a valuable, easy-to-use guide. --Harry C. Edwards

Praise for Tyson and Brown's Home Buying For Dummies

"Fun-to-read?Deciphers mortgage mumbo-jumbo." —San Jose Mercury News

"A favorite? Fun reading and informative." —Minneapolis Star Tribune

"Objective, down-to-earth?. A book I wish I'd read before purchasing my first lemon-of-a-home." —Wilmington News Journal

"Invaluable information, especially for the first time home buyer." —Fort Worth Star-Telegram

Covers home purchase loans, refinancing, and reverse mortgages

Packed with tips, tables, worksheets, a glossary, and more

The fun and easy way to understand your options and get a great deal
From adjustable-rate mortgages to balloon loans, this friendly, easy-to-understand guide will help you find your way through the home-financing jungle. Bestselling real estate authors Eric Tyson and Ray Brown explain how to select the right mortgage for your situation — and show you step by step how to get the best possible deal.

Discover how to:

• Shop for the best home-purchase mortgage
• Overcome loan qualification obstacles
• Negotiate lower loan fees and closing costs
• Save by refinancing your home
• Increase retirement income with a reverse mortgage

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