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Edwin Fireman says...

Mortgages 101: Quick Answers to Over 250 Critical Questions About Your Home Loan



I found this book informative and with answers to my questions that banks/mortgagors wouldn't/couldn't give me.It's written as easy to understand, not over my head.Yes I would recommend it.



As a first time home buyer, I just didn't understand all the complex matters involved in a house purchase and the financing involved.There are so many steps involved that aren't outlined and this book will take you through all of them.I feel its a good starting point.

Posted on December 6, 2010

Lucile Cassidy says...

I refused to be clueless while purchasing My home. I bought a few mortagage books. This one was the best.. It gives detail information on each type of loan out there and its pros and cons. Any time I heard a new term I simply searched for the term in this book. I went from knowing nothing to feeling secure in what I wanted. It was also easier to tell My Bank exactly what I was looking for. After speaking with a Loan officer and telling her exactly what I wanted she paused and said "you have been reading haven't you".

Posted on December 7, 2010

Yolando Franken says...

I train residential mortgage loan originators around the country and I recommend this book to all of them. I have learned more from this book than from dozens of other books combined. Do not lend or broker mortgage money without reading this book; you will learn more from this book than you would from spending ten years in the business.

Posted on December 8, 2010

Teddy Baughey says...

Dave Reed has written an excellent book.His style of a Q & A format makes for easy reading and he keeps the answers short and on point.I own a mortgage company and a real estate brokerage, and I think his book could easily be used by the following 3 groups:

1) People shopping for a loan

2) Realtors who want to familiarize themselves with the multitude of loan products available.

3) Any agent new in the industry.I would advise every lender to have a copy on hand.If you get a new agent who is inexperienced, put them in a corner their first day on the job and have them read this book.

I think Mr. Reed has done a thorough job explaining what is currently out there in the way of mortgages, and his Q & A format worked because that is typically how a loan officer gets and delivers information, i.e. "If I do that what happens?" or "Can I buy this house with this much or that much down?"

He strongly encourages in this book to find an experienced loan agent who is working in your best interest.Even though there are a loans available these days, not all make financial sense to all people. Sometimes a borrower just has to take what is offered due to job history, credit history, or lack of downpayment.But, the good news is that people can now get loans who could not get loans in the recent past (at somewhat reasonable rates). Real Estate has been so good to so many people, that it is undeniably the best investment for the average person.I've seen it too many times in my 19 years of being in the business.Dave Reed has done much to add to the understanding of loans for the average person.

Good job Dave on this great book.

Posted on December 9, 2010

Gayla Lammers says...

Mortgages 101 is an easy to read, down to earth, book, to provide information to people about what goes on in a mortgage process.Any question you might have about a mortgage, credit, is answered in an easy to comprehend fashion.I truly believe this book should be in every Realtor's office and in the hands of any prospective buyer or seller of Real Estate. All a person has to do is have a question and look up the question.From deciding whether to rent or buy; what type of loan is best; credit scores.It's all there.I highly recommend this book

Posted on December 9, 2010

Rachael Mihm says...

I picked this book because it was kind of a cross between Mortgages for Dummies because it was easy to get through and find different information and other mortgage books that get so technical that they're boring.One of the quotes on the back cover said something like "...the book on getting the lowest rate is worth the price of admission alone..." I couldn't agree more. I'm buying my second house now and wish I had this book the first time around.

Posted on December 10, 2010

Romona Boulet says...

Mortgages 101 is an excellent resource for current home-owners, and aspiring ones. It provides a smart, clear understanding of the topic, and is relevent and accessible to a broad range of people and experiences. The question/answer format is easy to flip through, and is quite thorough. There is some very practical and realistic information for low to moderate income homeowners that are at-risk for predatory lending and other threats that can lead to foreclosure. This book is being strongly considered for the Post Purchase Education Curriculum --geared toward recent Home Owners--at a Local, Non-profit Home-Ownership Center.

Posted on December 10, 2010

Juana Kol says...

It is certainly a very helpful resource for most people who don't get to learn much about the mortgage market and industries. I certainly had to buy a home during the turmoil and it helped me shed some light on mortgage industries, how brokerage industries work and so forth. Also it includes lots of things that you should ask or consider when you are getting a mortgage.

Posted on December 10, 2010

Verena Twellman says...

Good Book to get familiar with the jargon thrown at you by the realtors. Also covers some mortgage related history, math you need to know while answering the basic questions you have...

Posted on December 12, 2010

Jamar Bleicher says...

Simply put, this is a must read for anyone getting a mortgage. The book is easy to read, well laid out and very informative. It's shocking how much of the closing costs of BS fees. I saved $2,500 on my refinance directly due to this book. I only wish I read it sooner as I would have saved more from previous mortgages and refi's.



Buy this book, you won't regret it!

Posted on December 13, 2010