The Mortgages 101

With mortgage stories dominating the front-page news people--whether they're buying a new house or refinancing--increasingly have questions about the complicated issues at stake. Arranged in an easily accessible question-and-answer format Mortgages 101 provides readers with essential lending formulas as well as important information on lending requirements and application procedures. The book shows readers how to save money by: - understanding key terms like ARMs and hybrids--and reading what's in the fine print - improving their credit scores to increase their borrowing power - using technology to get the lowest interest rates - maximizing their return on investment and cutting the cost of mortgage insurance This revised edition includes up-to-date material on new loan and government programs as well as changes to the law regarding tax deductions down payment assistance reverse mortgages bankruptcy negative amortization and more--in short all the answers readers need in one must-have reference.