Your Questions About Reverse Mortgage

Betty asks…

What happens when a partner dies in the reverse mortgage?

My mother and I own a home, if she dies first being older and I live in the home too, older me, will I be able to continue living in the home when she dies or do I have to move and sell the home? This is regarding the reverse mortgage policy

admin answers:

Equity has a point, if this is your loan as well you do not have to pay it off yet, but you will at the agreed equity limit.

If only she took out the loan you will have to pay it all back at this point. You just have to come up with the money, you do not have to sell the house if there are other funds to repay it.

Lizzie asks…

Am I eligible to sign up for a reverse mortgage?

I am 62 years old home owner and I’m seeking more information about a reverse mortgage.

admin answers:

You are eligible for a reverse mortgage at your age, I sent my parents this website which my friend runs and he did a very informative article about reverse mortgages. I suggest you take a look, http://thatfreebieguide.blogspot.com/2010/07/how-can-you-forget-your-parents-getting.html

He is also quite funny and includes some tidbits to keep you from stressing out.

Daniel asks…

Where in Texas can you apply for a reverse mortgage?

Checking on local area in Houston County Texas where someone can apply and obtain a reverse mortgage on their home.

admin answers:

Jorie,

You are in luck. Reverse mortgages are my specialty. My office is located in Fort Worth but one of the regions I cover is Houston. I am in the area every couple of weeks. I would be glad to help you. This is all I deal in and our company has done more reverse mortgages in the Southwest than any other company. If you would like I can send you some more information or get you started in the process. Please feel free to contact me.

Thanks,
Brandon Burns
Toll Free 888-264-8916
bburns@griffinloans.com
Griffin Financial Mortgage, LLC
1701 River Run Suite #308
Fort Worth, TX 76107

Sandra asks…

Where can I find a Reverse Mortgage company in Tennessee?

Looking for a Reverse mortgage company within Memphis.

admin answers:

Are you looking for a local company?

I know One Reverse Mortgage is licensed there, you can do a google search for them. I would put up their link but Yahoo apparently does not like people actually putting links to a certified and credible business.

Sharon asks…

What do you think of reverse mortgage for people 62 and older?

I’m a loan officer doing reverse mortgages for the elderly in the state of CA. The largest one to date I have done was 2.6 million. I have found this program to help so many people that are 62 or older. True this will eat up equity in there home but its there home and there equity. This is the part that kills me. Why do “some” the children of the elderly feel like this is there money and think that there parents must suffer and live a hard life with less.

admin answers:

Reverse mortgages are tricky things. I think it’s a good idea, but from what I’ve heard, there are a lot of consumer unfriendly terms in those mortgages, as well as very high fees and commissions. Right now, I think it very wise for anyone thinking about them to take it slow, and even pay a lawyer a few hundred bucks to review the terms.

Enlighten me. Do you get a good commission off of those reverse mortgages. Are there a lot of fees?

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Your Questions About Mortgage Calculator

William asks…

Where can I find a mortgage calculator to see differences if I pay more principal?

The only ones I am finding are for new loans. I need one where I can plug in what I owe on my mortgage interest rate etc then how much I would save by adding additional principal each month. We already pay some additional principal but I want to compare it to my mortgage company’s bi-weekly payment plan.

admin answers:

Best is to do it yourself in Excel

bi-weekly payment plan is a rip — you’d get same result by making an added 1/2 payment each six months and no promises of more. This preserves flexibility — if you get squeezed, you can put off the added payment. In a time of “rolling unemployment” preserving financial flexibility is essential.

Daniel asks…

Where can I find a good mortgage calculator?

The calculator i am looking for must have an option for extra payments, as well as lump sums paid at specific and iregular dates? The calcs i have only have one option.

admin answers:

If you are going to need such a specific calculator, you should build your own in Excel.

George asks…

Can anyone make me a mortgage calculator? or direct me to someone who can. thank you?

I am looking for someone who can make me a mortgage calculator for my soon to be published web-site. Does anyone know a person who does this?

admin answers:

Try the widget at http://www.mortgagesum.com
They let you cut and paste their code into your site easily.

Donna asks…

How do I set up a mortgage calculator in Excel?

What I would like to do is have 4 different fields, one each for the principal, interest rate, number of payments, and monthly payment. I’d then like to change ANY of the 4 fields, leaving one blank, and have Excel calculate whatever the missing variable happens to be in the last remaining field. How can I do this?

Thanks!

admin answers:

Try putting this question in the computer section. The techies should definitely have an answer for you there.

Lisa asks…

How do you figure amortization by hand, without the help of a mortgage calculator?

Is there a formula that I could simply plug the numbers into that would give me the amount of the payment for $137,500 with a 5.25% interest rate for 30 years?

admin answers:

There is a formula, but I don’t remember what it is. But, if you can get that loan at that interest rate over 30 years, TAKE IT! That is a great deal.

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Your Questions About Reverse Mortgage

David asks…

Is an annuity refundable against a reverse mortgage loan if the borrower dies before annuity payments are made?

My Mother had a reverse mortgage loan for about nine years. At the start of the loan ,an annuity premium of $3735.00 was added to the to the loan. This was to pay her if she lived 14 years into the loan.,but she did not . Should that amount be deducted from the total amount of her loan?

admin answers:

Wow, this is how is always look like when getting a loan. They ask you to make a high interst rate repayment plains that you can not pay, making it very hard for you to pay. Trust me i have been in the position before and i know how it look like, i will only ask you if really you are in need of the loan and how seroius are you in paying back that is what you have to consider. Well i got help from a friend here in yahoo answer whom introduce me to unsecured_loanoffer@live.com and i applied witing 6 days i was giveen a loan and i am making the payment now i got a loan from Unsecured company at the rate of 3% which was ok for me now well with God i am doing perfectly ok with my part time business. Well as of you i will advice you to try them and get a loan for easy help, make sure you are good in repayment.
Unsecured_loanoffer@live.com

Dan J

James asks…

How will a Reverse Mortgage affect me?

My grandfather had taken out a Reverse Mortgage on our home a year ago. Myself, my sister and our father all live in this house. How will this affect us when my grandfather passes away? Will we still be able to inherit the house if it is in his Will?

admin answers:

Is it your home or his? It sounds like his?

When he passes away the reverse mortgage has to be repaid to the bank, and all of his other debts paid off as well, before anyone can claim the house. It is common that the house has to be sold in order to pay all of the debts.

If this was not HIS house he would not be able to obtain the mortgage.

Linda asks…

Can you be late on current mortgage if applying for reverse mortgage?

I have a client that just informed me that she was late last month with her mortgage and is just going to make this month’s payment. She is in the process of applying for a reverse mortgage. Will this affect the approval since a rev mortgage is not based on credit and she will have no more mortgage payments when this goes thru? Thank you

admin answers:

Yes, she can be late on her current mortgage. In fact, many times a reverse mortgage has stopped homes from being foreclosed. What she cannot be is in the middle of a bankruptcy – it must be resolved before you can do a reverse mortgage. With a refinance reverse mortgage (as opposed to a purchase reverse mortgage) there is no credit or income qualification, but there needs to be enough equity in the home (or bring cash to the table) to pay off all liens/mortgages on the home and any federal debt. The lender does not care about any other debt like credit cards and collections or FICO scores.

Donna asks…

With the housing market declining, how will the value of your home affect the payback of the reverse mortgage?

The reverse mortgage accumulates interest as you use the money, and your house is supposed to appreciate 4% a year, will what you owe ever exceed the value of your house?

admin answers:

Most reverse mortgages are non-recourse loans which basically means you can never owe more than the house is worth. Seniors qualify for reverse mortgages based on their age and their equity.

Once the borrower(s) vacate the house, the house can be sold to repay the loan or refinanced into a regular mortgage. If the proceeds from the sale exceed the loan amount, the owner of the house receives the difference. If the proceeds are not enough to pay off the loan, then the bank (or insurance which the bank has on the loan) absorbs the difference.

Hope this helps! Let me know if you have any questions.

Joseph asks…

can you get a reverse mortgage on a second home?

my mother in law has a cottage on a lake that she doesn’t want to sell…but a reverse mortgage would work perfectly.

admin answers:

Needs to be primary residence

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Your Questions About Mortgage Loan Application Form

Jenny asks…

Plzzz help IT experts?

******Email me the solution in MS Word at lolita.singh13@yahoo.com

The Trust Mortgage Company is known for its low mortgage interest rates, flexible terms and efficient customer service. A mortgage applicant, prior to visiting The Trust Mortgage Company would normally request a job letter from his/her employer and make a deposit to the real estate vendor on the house to be purchased.

Upon procuring all necessary documents, the applicant visits The Trust Mortgage Company and presents the job letter, the sales agreement from the real estate vendor and other necessary documents. The applicant is presented with a mortgage application form which he/she completes and returns. Information from the application form like name, address, ID# is captured to create a master file of all applicants.

The mortgage clerk will review all the documents presented by the applicant and access the Government Housing System for confirmation of the loan amount that the applicant is entitled to borrow and at what special rate. This confirmation along with the mortgage documents are given to the Mortgage Committee for loan assessment and approval. Upon approval, a commitment letter is prepared and given to the client who will read and return a signed copy representing an acceptance of offer. A database record is created for the particular application containing scanned copies of all the documents presented and the signed acceptance offer.

The company’s lawyer receives all documents mentioned above and prepares a mortgage deed which is stamped and registered before presenting the applicant with a mortgage deed.

The lawyer sends the registered mortgage deed to the mortgage manager for the actual disbursement of funds. The manager prepares and sends the vendor client cheque to the real estate vendor.

DO THIS:
Draw a Context Diagram of the Mortgage Application Process from the perspective of the mortgage personnel at the Trust Mortgage Company.

admin answers:

Yeah, good luck with that.

George asks…

Urgent help from top IT contributor!!!!!!!!!!?

******Email me the solution using the DIA software or MS Word at lolita.singh13@yahoo.com

******Lucky guy will get to see some more pics of me. I’m really desperate as this assign is due Monday Morning.

The Trust Mortgage Company is known for its low mortgage interest rates, flexible terms and efficient customer service. A mortgage applicant, prior to visiting The Trust Mortgage Company would normally request a job letter from his/her employer and make a deposit to the real estate vendor on the house to be purchased.

Upon procuring all necessary documents, the applicant visits The Trust Mortgage Company and presents the job letter, the sales agreement from the real estate vendor and other necessary documents. The applicant is presented with a mortgage application form which he/she completes and returns. Information from the application form like name, address, ID# is captured to create a master file of all applicants.

The mortgage clerk will review all the documents presented by the applicant and access the Government Housing System for confirmation of the loan amount that the applicant is entitled to borrow and at what special rate. This confirmation along with the mortgage documents are given to the Mortgage Committee for loan assessment and approval. Upon approval, a commitment letter is prepared and given to the client who will read and return a signed copy representing an acceptance of offer. A database record is created for the particular application containing scanned copies of all the documents presented and the signed acceptance offer.

The company’s lawyer receives all documents mentioned above and prepares a mortgage deed which is stamped and registered before presenting the applicant with a mortgage deed.

The lawyer sends the registered mortgage deed to the mortgage manager for the actual disbursement of funds. The manager prepares and sends the vendor client cheque to the real estate vendor.

DO THIS:
Draw a Context Diagram of the Mortgage Application Process from the perspective of the mortgage personnel at the Trust Mortgage Company.

admin answers:

I dont know the answers but can I see some pictures?

Ruth asks…

Any IT programmer or designs expert (guy) who can help me with this will get my number!!!!!?

*******Email me the solution in MS Word at lolita.singh13@yahoo.com

The Trust Mortgage Company is known for its low mortgage interest rates, flexible terms and efficient customer service. A mortgage applicant, prior to visiting The Trust Mortgage Company would normally request a job letter from his/her employer and make a deposit to the real estate vendor on the house to be purchased.

Upon procuring all necessary documents, the applicant visits The Trust Mortgage Company and presents the job letter, the sales agreement from the real estate vendor and other necessary documents. The applicant is presented with a mortgage application form which he/she completes and returns. Information from the application form like name, address, ID# is captured to create a master file of all applicants.

The mortgage clerk will review all the documents presented by the applicant and access the Government Housing System for confirmation of the loan amount that the applicant is entitled to borrow and at what special rate. This confirmation along with the mortgage documents are given to the Mortgage Committee for loan assessment and approval. Upon approval, a commitment letter is prepared and given to the client who will read and return a signed copy representing an acceptance of offer. A database record is created for the particular application containing scanned copies of all the documents presented and the signed acceptance offer.

The company’s lawyer receives all documents mentioned above and prepares a mortgage deed which is stamped and registered before presenting the applicant with a mortgage deed.

The lawyer sends the registered mortgage deed to the mortgage manager for the actual disbursement of funds. The manager prepares and sends the vendor client cheque to the real estate vendor.

DO THIS:
Draw a Context Diagram of the Mortgage Application Process from the perspective of the mortgage personnel at the Trust Mortgage Company.

admin answers:

Letting someone else do your homework does not help you learn nearly as much as doing it yourself.

Carol asks…

Countrywide Mortgage refuses to correct my social security number on file?

Short of contacting Consumer Affairs….I have received a letter from Countrywide Mortgage informing me and the millions of others that hold a mortgage with them, that an ex-employee stole the personal information of their mortgagee’s (namely me and millions of others) and that they were going to offer a free 2 year credit monitoring to make sure that my identity isn’t used other than by me. My wife is on the account with me and when she called to confirm information regarding the letter, they asked her for the last four digits of her social security number to speak to them…she gave it, yet they had a 6 in place of an 8 on file. Well, we hold two different mortgages with them on two different properties, so she asked them to check the other account and that one was correct. Countrywide insisted that the originating documentation was incorrect when my wife signed it, but we checked our mortgage documents and the W9; the Form 4506 Request for Copy or Transcript of Tax Form; and the Uniform Residential Loan Application were all correct. Countrywide employee input the information incorrectly on the one mortgage. Now they are asking her to send them in the mail a copy of her social security card, a copy of her photo id and a new signed W9. We refuse to also put my wifes information at risk. I asked them, if I were to die and my wife needed to do some readjustments to the mortgage, would she be able to? They clearly said: NO, but what I didn’t ask them was…if I died would my wife still be liable for the mortgage since their identifying information for my wife is incorrect? I wouldn’t think so. Question is: What would you do and how would you correct this problem without putting further personal information at risk?
Further, I did receive a hard letter, not an email. From that I contacted the number directly on my billing statement to confirm the account number. Additionally, I did go back to my original closing documents and they were correct, as also stated by the phone representative, but they claimed that since they had this ex-employee steal information they no longer will correct things over the phone. I know they had an input error, they know it’s an input error, yet they won’t budge. I will persistantly contact them every week until I get an opportunity to discuss this with someone further up the chain, although they tell you they’ll pass you to a supervisor and only give you yet another phone rep! Frustrated, which is why I thought Consumer Affairs should be notified…or someone else???
I also asked them if they ever do audit’s to confirm that the person inputting documentation did it correctly, clearly they don’t!
Scot: I have a letter from Countrywide to prove that they DID ask for a copy of my actual social security card, but I’m not stupid which is why I’m fighting my way to the top of their heap to get this resolved! Thanks

admin answers:

Ok…here is what you don’t understand:

They are not going to change the information without PROOF that it’s incorrect…your wife stating so verbally over the phone isn’t going to do it.

You have three choices:

1. Leave the social security number AS-IS…which means it won’t be a part of your wife’s credit profie.

2. Leave the social security number AS-IS, which also means your wife won’t get to jointly deduct mortgage interest.

3. Send them the information that they request (don’t do this without reading my PS).

Advice:

BE SURE that you call the number on your BILLING statement to verify the information and not the number that came with the letter.

Any scam artist can put any phone number on a letter and answer, “Countrywide” when you call them.

PS: I have never, ever seen a mortgage in my career close with an incorrect social security number. I am seriously questioning the authenticity of the letter. Social security numbers are used to pull the credit, and they are double and triple checked against several documents that you turn in such as W-2′s, paystubs, plus a search to verify the authenticity of the SS#. This is further verified by the closing agent.

Countrywide also images the entire file. That means if they have a copy of your credit report, W-2, etc and you claim that the number is incorrect, they can go back and independently verify this information….they don’t need you to send them anything.

Go back and review ALL of your closing documents. They are all generated by the same computer program. If the closing documents are correct, then Countrywide doesn’t need you to send them anything and I would keep going up the ladder until you can get someone to review the original mortgage file.

If it is incorrect on all of your original closing documents, then it’s a very, very rare error.

Donna asks…

Withdrawing form a mortgage lock?

I locked a mortgage rate on Friday evening. I gave my credit card info. I didn’t sign the application with the broker or lender yet or submitted any paperwork. No appraisal is ordered yet.

I got a better rate today from a broker who helped to secure my current loan. If I back off from the Fridays rate lock, are they still gong to charge me a fee?

Thanks
I don’t have any contractual abligation with the broker. I did call him and even send him the new rate and closing cost and asked him he could match it for me. I wouldn’t have back off from the lock if the new neal isn’t good. There is a .25% difference in rate for almost the same closing cost.

admin answers:

Ask them. If there is a contractual agreement stating that you will have to pay a withdrawal feel, then you will be charged. If that is the case, you still have the right to rescind the loan. You will have to wait until the loan documents are actually presented to you, and at that time, you will sign the right of rescission. This will stop the loan, and cancel any further action by your lender. You will be charged nothing if you do this, but your lender and your broker will not work with you anymore. Since you already have a new broker, have the broker contact your old broker for you. That way, you won’t have to deal with them, and won’t have to listen to the broker’s attempts to win your contract back. However, if you do tell your old broker that you got a better rate somewhere else, he might try to beat the rate.

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Your Questions About Mortgage Calculator

Charles asks…

Where can I find a buy to let mortgage calculator?

Does anyone know where I can find a good buy to let mortgage calculator online?
Thanks.

admin answers:

Google is your friend….

Lisa asks…

Where can I find a mortgage calculator to put on a web page?

I am in the process of teaching myself how to build web pages. I am working on one now for a friends mortgage company. I need a mortgage calculator. Where can I get one?
Thanks
Any other suggestions? not exactly what I was looking for. Sorry But thanks anyway

admin answers:

Theres one here

http://www.hotels-accommodation-europe.co.uk/mortgages.php

View the source code and look for the javascript file that powers it.

Linda asks…

Where is a mortgage calculator whcih shows whether I should refinance?

Where do I find a calculator that shows whether it is worth paying a penalty ($2700) to break my existing mortgage(4.71%with 2 yrs left to go with a lower rate (3.55%)?

admin answers:

For calculators on mortgages, try bankrate.com

They have all kinds of calculators and information, including info on how to figure out when it is worth refinancing.

(does “2 yrs left to go” refers to when you don’t have to pay a penalty? If you have many years to go on your mortgage, consider getting a fixed rate if you think interest rates may go up in the future…)

You can even comparison shop for mortgages on bankrate.com.

Laura asks…

Does anyone know a good mortgage calculator?

I need a mortgage calculator which will give you interest paid for each year on a repayment mortage.
This (obviously) decreases as it is paid off and is required if the interest is being used to claim back tax.
The only ones I ever find just give the monthly repayment amount and total interest over the life of the mortgage.

admin answers:

A month by month calculator – I always use this!!!

Http://www.mortgage-calc.com/mortgage/prepay.php

Helen asks…

mortgage-calculator?

admin answers:

I found this mortgage calculator a few months ago. You can even download their mortgage calculator to your desktop. Check it out.

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Your Questions About Reverse Mortgage

Betty asks…

What is the best way to get reverse mortgage clients?

I have been doing loans for about 8 yrs and seems that loans are getting tougher to do. I am doing a reverse mortgage and seems to be going very smoothly. This was a referral from someone. What do you experienced loan officers suggest for finding reverse mtg clients?

admin answers:

Learn as much as you can about reverse mortgages so you can be considered an expert. They are pretty easy to do since credit and income are not an issue.

However, you do need to be able to explain the benefits, closing costs, etc. Reverse mortgages are not for everyone, and they do have a bit of negative connotation. Also be aware that a lot of folks that are considering reverse mortgages include their children in the decision – you need to be able to explain why the reverse mortgage can benefit your potential client.
Network at your Chamber of Commerce. Check out Activerain.com -this is a social network for real estate/mortgage professionals. Do a search for reverse mortgage and find out what the top mortgage people are saying and doing.

Sign up and start a blog. This will not bring you immediate business, but if you keep up at it, you will gain some referral business and get some exposure over time – this social network is very well liked by Google. I once was interviewed by a reporter from from a local news station as a result of an article I posted about a real life reverse mortgage scenario!

James asks…

Reverse mortgage – how quickly do family members have to leave the house after the owner dies?

My grandfather has a reverse mortgage on his home. One of my aunts lives with him as his caregiver. He’s in the hospital now and may not survive. We’re all wondering how quickly she would have to move/we would have to clear the house of belongings. No one in the family intends on refinancing or buying the house and I believe it’ll be fully under bank control.

Immediately? 30 days?

Thanks.

admin answers:

It won’t be immediate. Technically, you are supposed to notify the lender within 30 days. Otherwise, they have service providers who keep track of death records and they will find out within 1-3 months. Regardless of what you plan to do (refinance, sell or turn over the keys), the lender will most likely begin foreclosure proceedings right away. Since it typically takes about 6 months to foreclose, they need to start the clock running; so don’t be upset when you get nasty form letters. It is unfortunate, but it gets sent out automatically, even when you are working with them. Many a lender have been burned as well from relatives staying on or folks dragging their feet.

If you don’t intend to keep the home but you need the time, your Aunt could theoretically stay on for the 6 months it will take to foreclose. However, if your Aunt chooses to stay through the final foreclosure, she will, in essence, be evicted. If you don’t need much time and the lender is willing to work with you, then you can sign a Deed in Lieu of Foreclosure wherein you give the bank the title to the house and they will be responsible for selling the home and all it entails. The family is not liable for the loan, nor is the estate.

If the house is worth more than what is owed, even if you don’t want to refinance and keep it in the family, you may want to consider selling it so you can keep the net proceeds. If the heirs have any huge tax bill for 2011, you may be able the write off the interest paid to date on the reverse mortgage. Check with your tax advisor. As long as you are making a good faith effort to sell it, the bank will give you at least 6 months to sell it, with maybe two 3-month extensions, for a total of one year. But you need to be communicating with the bank to get these extensions.

Sorry to hear your grandfather is not doing well. If he has a line of credit with funds available, you may want to consider withdrawing money now to help pay for any of his future expenses. Once he passes, you will no longer have access to it.

Linda asks…

How long between reverse mortgage appraisal and closing?

Does anyone know how long it takes between the appraisal and closing when doing a reverse mortgage? My father is doing one and the lender (Wells Fargo) got the appraisal back yesterday. How much more time until my father receives his money?

admin answers:

There is no exact time for all loans, however, generally the average is about 4-5 weeks from the time of the application. Usually the appraisal is about a week after the application, so probably about 3-4 more weeks. That is the average for most loans. If there are any problems or issues in underwriting, then anything can happen from a day or so to a couple of months. Rarely do they have such problems, but it can and does happen from time to time. The only other major exception to this rule, is if there is a foreclosure in progress, in which case the time frame usually goes to about 1-2 weeks from application as they are moved to the top of all other applications.

Sandra asks…

what is a reverse mortgage and how do people benefit from them?

What exactly is a reverse mortgage? Why don’t people have to pay it back?

admin answers:

A reverse mortgage is a loan that allows people ages 62 and up to get the money they need for any expenses they may have. Unlike traditional mortgages, there are no monthly payments on a reverse mortgage. The reverse mortgage isn’t paid until the person who took out the mortgage moves, sells the home or passes away. At that time, the reverse mortgage is paid out of the proceeds of the home sale.

Joseph asks…

What is reverse Mortgage, What is its benefits and Eligibility?

What is reverse Mortgage, What is its benefits and Eligibility?

admin answers:

A Reverse Mortgage is a loan, but in reverse. You still retain title, ownership, and control of your home. With a Reverse Mortgage you can never be forced from your home and there is no time limit on the loan. The lender sends cash to you and you never have to make a payment for as long as you live in the home.

A Reverse Mortgage is a ‘non-recourse’ loan. The Federal government guarantees all Reverse Mortgages and the lender can only look to the home to satisfy the loan. This means there is ‘no personal liability’ to you or your heirs. Repayment is due after all homeowners permanently vacate the home (pass away, sell, or permanently move out).

A Reverse Mortgage does NOT affect the appreciation of your home. Your home will continue to increase in value while you enjoy your Reverse Mortgage. Click here to learn about the Reverse Mortgage process.

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The American Mortgage System: Crisis and Reform

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Successful home ownership requires the availability of appropriate mortgage products. In the years leading up to the housing bubble, home buyers frequently accepted mortgages that were not only wrong for them but catastrophic for the economy as a whole. When the housing market crumbled, so did a cornerstone of the American dream for many families. Restoring the promise of this dream requires an unflinching inspection of lending institutions and the right tools to re… More >>

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Written by Kevin Daum, the author of “Building Your Own Home for Dummies.” Mr. Daum, a 22-year veteran in the Banking and Mortgage industries shares his insights and experiences, giving frank advice on how to get the most of your mortgage. You’ll Learn: – How Banks look at your finances – including the practices they don’t share with you. – How to avoid making costly mistakes. – Why the 15-Year mortgage may be a rip-off. – 5 important questions to a… More >>

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