Insider's Guide to Refinancing Your Mortgage Money-Saving Secrets You Need to Know

Name: Insider's Guide to Refinancing Your Mortgage Money-Saving Secrets You Need to Know
Price: 7.71 USD
Availability: InStock
ISBN: 9780814409350

ISBN-10: 0814409350

ISBN-13: 9780814409350

Edition: 2008

Authors: David Reed

List price: $16.95

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Description:

The benefits of refinancing a mortage are legion. If approached wisely, a refinance can lower the interest rate on your existing mortage, saving you a small fortune and allowing you to get your finances back in order. But refinancing can be a tricky business, and choosing the wrong term or rate can cost you thousands of dollars in lost interest and needless closing costs. Fortunately, with the right advice, you can avoid the common traps that can derail your finances.

Book details

List price: $16.95
Copyright year: 2008
Publisher: AMACOM
Publication date: 9/15/2008
Binding: Paperback
Pages: 224
Size: 6.00" wide x 9.00" long x 0.75" tall
Weight: 0.792
Language: English



Introduction



What Is a Refinance?


Refinancing Your Home Loan


Types of Refinance Mortgages


Rescission Period



Why Refinance?


When to Refinance into a Different Rate


Refinancing the Term


Adjusting the Term to Fit Your Payment


Reasons to Refinance


When Not to Refinance


The Refinance Process in Review


Refinance Loans and Escrow/Impound Accounts



Finding the Best Lender


Mortgages: A Commodities Market


Who's Who in the Mortgage Process


Banker, Broker, or Correspondent?


Where Not to Look for a Mortgage Lender


Comparing Loan Choices


The Subprime Nightmare



Finding the Best Loan Officer


What Exactly Is a Loan Officer, Anyway?


Seven Questions to Ask Your Loan Officer


Loan Officer Compensation


Qualities of a Good Loan Officer


Changing Loan Officers



Finding the Best Interest Rate


Small Changes, Big Changes


Why Inflation Kills Economies


Mortgage Rates and Economic Factors


Rate Shopping


Rate Locks



How to Save on Closing Costs


Lender Fees


Nonlender Fees


Negotiating Closing Costs


Origination Charges and Discount Points


The No-Closing-Cost Refinance



Predatory Lending, Loan Fraud, and Bad Guys


What Is a Predatory Lender?


Prepayment Penalties


Bad Guys


Loan Fraud


Epilogue


Glossary



Monthly Payment Tables


Index