106 Mortgage Secrets All Borrowers Must Learn -- But Lenders Don't Tell - 2nd Edition by Gary W Eldred (Paperback)

About the Book

This updated revision of the top-selling mortgage classic covers everything mortgage hunters need to know to get a great deal. New material: a completely current look at the mortgage industry, including special sections on predatory lending practices, vacation and retirement properties, and much more.

Book Synopsis

The only guidebook that shows you how to finance any property--with or without bank approval

Would you like to discover all of the many ways that you can finance real estate? Want to learn how to cut your financing costs, avoid pitfalls, and negotiate the best terms? Then let Gary Eldred's 106 Mortgage Secrets All Borrowers Must Learn--But Lenders Don't Tell, Second Edition guide you. Fully updated, this practical guide explains how today's changing mortgage market really works. Unlike other mortgage guides, this book goes beyond traditional bank-originated loans and shows you how to benefit with seller financing, assumables, subject-to, wraparounds, lease options, foreclosures, and other money-saving possibilities.

106 Mortgage Secrets also protects you from the sharp practices of loan reps that have recently sparked Congressional hearings and multiple state investigations. In addition, Eldred shows how and why the right financing decisions can add tens (and sometimes hundreds) of thousands of dollars to your long-term net worth. With these 106 secrets, you'll build the confidence and the knowledge to:
*

Increase your borrowing power
*

Obtain the lowest interest rate
*

Understand the true pros and cons of ARMs
*

Cut (or eliminate) the cost of mortgage insurance
*

Save big with seller financing, assumptions, foreclosures, and REOs
*

Strengthen your credit profile and credit score
*

Avoid getting taken... by the fine print and garbage fees
*

Steer clear of scams and unprincipled loan reps and lenders
*

Accumulate wealth through homeownership and investment properties


Simple, concise, and comprehensive, this book reveals everything property buyers need to know--especially the 106 financing secrets lenders too often omit.

From the Back Cover

• Savvy Loan Qualifying Tips for Investors and Homebuyers
• How to Use Debt to Build Wealth
• Dozens of Low/No Down Payment Possibilities

The only guidebook that shows you how to finance any property--with or without bank approval

Would you like to discover all of the many ways that you can finance real estate? Want to learn how to cut your financing costs, avoid pitfalls, and negotiate the best terms? Then let Gary Eldred's 106 Mortgage Secrets All Borrowers Must Learn--But Lenders Don't Tell, Second Edition guide you. Fully updated, this practical guide explains how today's changing mortgage market really works. Unlike other mortgage guides, this book goes beyond traditional bank-originated loans and shows you how to benefit with seller financing, assumables, subject-to, wraparounds, lease options, foreclosures, and other money-saving possibilities.

106 Mortgage Secrets also protects you from the sharp practices of loan reps that have recently sparked Congressional hearings and multiple state investigations. In addition, Eldred shows how and why the right financing decisions can add tens (and sometimes hundreds) of thousands of dollars to your long-term net worth. With these 106 secrets, you'll build the confidence and the knowledge to:

• Increase your borrowing power
• Obtain the lowest interest rate
• Understand the true pros and cons of ARMs
• Cut (or eliminate) the cost of mortgage insurance
• Save big with seller financing, assumptions, foreclosures, and REOs
• Strengthen your credit profile and credit score
• Avoid getting taken... by the fine print and garbage fees
• Steer clear of scams and unprincipled loan reps and lenders
• Accumulate wealth through homeownership and investment properties

Simple, concise, and comprehensive, this book reveals everything property buyers need to know--especially the 106 financing secrets lenders too often omit.

About the Author

GARY W. ELDRED, PHD, has invested successfully in real estate for more than twenty years and has served on the graduate business faculty at Stanford University and the University of Virginia. He has authored many other real estate titles, including Make Money with Affordable Apartment Buildings and Commercial Properties, Second Edition; Trump University Real Estate 101; and Investing in Real Estate, Fifth Edition, all from Wiley.