How To Refinance A Home For The Average Guy The Ins And Outs To Get Your Home Refinanced

Posted In: Refinance

Darlena Flanagin says...

I'm a programmer analyst for a mortgage company. However, the one year experience I had working for a mortgage company with all the ongoing trainings and mortgage software application designs are nothing compared to this book. This is a great book with all info you need to know about mortgages. Would recommend to anyone.

All I can say is this is a great book, that is equivalent to 3 years of mortgage experience.

Posted on August 27, 2011

Antonia Trembinski says...

I knew absolutely NOTHING about the mortgage industry.I'm looking to refinance right now and am finding this book invaluable.I wish I had this before my last mortgage.Carolyn also e-mailed me back within a day.When I get my GFE's, I will definitely use the Money Saver service found on her website.THANK YOU Carolyn!

Posted on August 27, 2011

Britni Enge says...

I suppose this reference work is very informative to the home buyer ... if perhaps a bit too much to digest for the average casual reader.For an intern loan officer in an agressively propserous mortgage brokerage, the book provided some key information, but not the depth I had hoped for.Is it worth getting if your a mortgage professional?Yes, most definately.So much of the do's and don'ts of this industry are shrouded in statements like "well, we always did it that way" rather than simple straight forward explanations.This book was a breath of fresh air when I was floundering in my first year as a loan officer.Now, as a Senior Loan Officer at my company I still find myself referring to it from time to time for some of those elusive little details that always seem to arise in the loan process.Go ahead and get a copy.Either you'll learn something new or your boss will think you're applying yourself at home as well as on the job!

Posted on August 28, 2011

Takisha Krasnici says...

This is the 7th book on mortgages and home buying I've read in the last month or so and this is by far the best.Head and shoulders above the others

Posted on August 29, 2011

Kristin Siragusa says...

The process of buying a home is surely daunting and this book is very helpful on clarifying the scene before you get into the game without knowing what is going on around you. Although the market has changed a bit lately with interest-only loans and other new lending products, this book will provide you with the fundamentals of dealing with mortgage brokers and will help you decide for yourself, what is right fo you.

Posted on August 30, 2011

Janean Sines says...

My friend loaned me a copy of this book to read before applying for a loan.I had credit problems in the past and thought it was impossible to obtain a mortgage.After taking the steps the author suggested in checkingmy credit and removing the errors I found, I sailed through the mortgageprocess and am now a home owner.Thank you, Ms. Garton-Good, for helpingme make this happen!

Posted on August 30, 2011

Shonna Uselman says...

THIS IS AN EXHAUSTIVE TREATISE ON A VERY OBVIOUSLY COMPLICATED SUBJECT.THERE ARE MANY, MANY ISSUES COVERED HERE BUT I WOULD LIKE TO SEE A MORE USER FRIENDLY APPROACH.

THE AUTHOR OBVIOUSLY KNOWS HER SUBJECT MATERIALBUT I FELT IT WAS PRESENTED IN A MUCH TOO COMPLICATED WAY FOR THE AVERAGEHOME BUYER.I LEARNED MORE FROM MY LOCAL MORTGAGE BROKER IN A ONE HOURINTERVIEW THAN I DID FROM THE BOOK.I DO FEEL THE AUTHOR DID HER HOMEWORKAND I THINK THE BOOK IS WORTH THE MONEY.I JUST THINK THE BOOK WASOVERKILL.

Posted on August 31, 2011

Ursula Genovesi says...

This book is a great book for consumers as well as real estate professionals. You will definitely want to keep it close by to reference information about FHA, VA and conventional loans. It is easy to forget someof the details about differnt loans but Ms. Garton-Good has made it easy tolook up information such as who can pay closing costs on VA loans and doesthe veteran have to pay the funding fee. Having a list of closing costs FHAborrowers are allowed to pay or not pay is also very helpful. This bookanswers a lot of questions you probably wanted to know but may have beenafraid to ask!

I would recommend anyone thinking about buying or sellingreal estate and all real estate professionals make this book a part oftheir reference library right away.

Posted on August 31, 2011

Ursula Ellefson says...

Carolyn Warren's book on saving money with a mortgage or refinance is a must-have for anyone thinking about getting a mortgage or refinance. As I started reading her book, I realized how little I really knew about shopping smartly for a mortgage or refinance. And apparently the industry would like to keep us dumb about this stuff. I didn't realize the bank or mortgage broker got commissions off the loans they make to us. I never really thought about how they make their money or who is paying for the trips they get from their "contests." I never heard of par rate before. If you want to make sure you're getting a good deal and not getting fleeced you must read this book. I had no idea there were different rates for the same loan, depending on how much money your bank or mortgage broker wants to make off of you. This book is a shocker and real eye opener. Jam-packed with good info, it also tells a great story and made me laugh at times. It reads more like a novel than it does a nonfiction book. Next time I buy a house or go with a refinance, I'll be armed with knowledge Carolyn gave me in her money saver book. If you want to save money and know what's really going on, not only will you want to buy this book... but you'll want to actually read it so you're not one of the ripped off clients who gets talked about and laughed at behind closed doors.

Posted on September 6, 2011

Lauryn Lamorella says...

I first read this book while I was learning to be a mortgage solicitor a few years back.I like how the book covers in detail all the information you need to get a loan backed by a mortgage.It covers everything from the loan process to a description of the types of loans you can obtain.This is important when shopping for a loan so you can make the best decision regarding this import financial move you will make.



I like how thorough this book is for the average reader and can be read in a few days.



The book may seem strange because it is in question and answer format which some people may not like.This book still has charts on interest and amortization schedules, this is best left to "The Mortgage Kit".



Some of the sections include:

1.The Mortgage Market Overview which describes the different aspects of the mortgages; from the brokers to the loan process.

2.Qualifying for a mortgage, the most important section of the book.

3.Comparison shopping which discusses the option to rent or to buy a house; Points, no closing costs loans and should you get a loan or pay cash.

4.Conventional Loans which describes the different and most common loans made be lenders in the mortgage arena.

5.Private Mortgage insurance for those who can not afford at least 20% down payment.

6. Adjustable rate mortgages.

7. Federal Housing Administration loans and their qualifications.

8. VA loan loans and how to get them.

9.Loan Programs with leverage.

10.Leverage from the seller such as seller financing.

11.After Closing: Managing the Mortgage.



I recommend this book and the Mortgage Kit (see my review) if you are shopping for a house these days.



If I could give him 4

Posted on September 7, 2011