Wednesday, November 16, 2011

MrsDrPoe: Mortgages 101

For this week's Reading Review, I have another book on mortgages for you, "Mortgages 101: Quick Answers to Over 250 Critical Questions About Your Home Loan" by David Reed:

This book is fantastic, and as a testament to that fact, we are planning to purchase a copy (this one's from the library) to keep as a reference.  Unlike "All About Mortgages," "Mortgages 101" has a multitude of basic information about mortgages for the every-man.  It's written in question and answer format, and Mr. Reed has a writing style that makes it feel like he is sitting across the desk from the reader answering his/her questions in person.

In the work, Mr. Reed not only sheds light on mortgages in general, but he also gives tips on what loans are best for those with good credit and with bad credit, questions to test the knowledge and ability of your potential loan officers, advice on how to choose the right lender, and suggestions for cutting closing costs.  I have made several notes from this book, and I think it has given me the confidence I needed to speak to lenders without feeling like I'm being taken advantage of.  Most refreshing of all is that this information is also given with an air of caution; Mr. Reed encourages readers throughout the text to seriously consider their financial comfort when choosing a mortgage payment plan.  

I would definitely recommend this book to anyone who's considering buying a house- especially if it's your first home purchase- building a house, or refinancing their current home loan.


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