Home Buying For Dummies, 4th Edition Reviews
Home Buying For Dummies, 4th Edition
Now updated — America’s #1 bestselling home-buying book!
Want to buy a house, but concerned about the market? Have no fear — this trusted guide arms you with Eric Tyson and Ray Brown’s time-tested advice and updated strategies for buying a home in current market conditions. You’ll discover how to find the right property, make smart financial decisions, and understand the latest lending requirements and tax implications.
- New to this edition — new and expanded coverage to help homebuyers take advantage of low home prices, understand the subprime mortgage crisis, obtain a mortgage, and improve credit scores
- To buy or not to buy? — weigh the advantages of owning versus renting, get your finances in order, and know how much house you can safely afford
- Handle financing — understand your credit rating, navigate the different types of mortgages, and complete all paperwork
- Play the real estate game — find the right location and property, assemble an all-star real estate team, and make the most of the Internet’s real estate resources
- Let’s make a deal — negotiate with finesse, make successful offers, inspect and protect your new home, and cover all your bases in escrow
“Invaluable information, especially for the first-time home buyer.”
—Fort Worth Star-Telegram
“A reference you’ll turn to time after time.”
—St. Petersburg Times
Open the book and find:
- Reasons why home prices rise and fall
- Hands-on instruction for buying a home in up or down markets
- How to pay the price you want
- The best mortgage options
- A sample home-buying contract
- Pros and cons of comparable market analysis
- Tips for overcoming mortgage and appraisal problems
- How to cope with buyer’s remorse
- The best real estate Web sites
List Price: $ 21.99
Price:
Bad Credit Mortgage Loans- Choosing The Option For a Bad Credit Mortgage Home Loan:
To secure a home, mortgage loans play a very important part, since everyone is not so favored when it comes to getting a good deal on a mortgage loan. Owing to ill advised spending habits many people create a bad credit background. It is too often seen at a young age that when we are fortunate enough to get a good job and consequently our own credit card it leads us to spend recklessly resulting in debts. This in turn, later in life results in not being able to get a good mortgage loan. But there is good news. Now companies have come up with a loan specifically patterned for people with bad credit rating. These loans are known as bad credit mortgage loans.
It is also possible to buy retail outlets, health care facilities, office buildings, and apartment complexes using commercial bad credit loan mortgage. Whether it is a family based restaurant or a high rise building, all require extra funding to either finish the construction or to buy it. This is where commercial bad credit mortgage loan steps in with the additional capital required.
Lenders who mainly deal in bad credit loan on mortgage are also commonly known as sub-prime loan lenders and the people who avail these loans are called sub-prime borrowers. These lenders do not follow the same strict rules and regulations traditionally followed by the banks and credit unions. Additionally there is no worry as far as perfect credit is concerned as it is not considered as a serious criterion for taking a bad credit loan on mortgage.
Opting for a bad credit mortgage loans
The current credit market has popularized the concept of bad credit mortgage loans since they are specifically meant for people who are suffering with bad credit. People get bad credit for a variety of reasons. They may have missed out on their debt payments because of emergencies, loss of job, accidents and for various other causes. The credit card report fails to mention these reasons because it is based on facts and figures. Bad credit mortgage loans can be used to buy, or refinance the equity on your home. Bad credit mortgage loans can help you buy a house even if you have bad credit. If you are not eligible for the other loans, you can always opt for the bad credit mortgage loans and not feel the difference.
Lenders who deal only in bad credit mortgage loans stand to gain from the high interests charged on these loans, from the borrowers as bad credit mortgage loans are designed and packaged to be lent out to people with bad credit.
Written by Greenbird
Journalist and freelance writer
Everything Guide to Mortgages Book
Everything Guide to Mortgages Book: Find the perfect loan to finance the home of your dreams (Everything (Business & Personal Finance))
Finding the right home can be easy. Finding the right mortgage-one you can afford-can be a challenge. You need to arm yourself with the latest information so you can make the right decision for you and your family, especially in the current housing market. In plain English, finance expert Lisa Horton shines a light on the confusing world of points, interest rates, and credit scores. Whether you’re buying your first home, trading up to a larger one, or buying a rental property, you’ll find all you need inside.
Learn how to:
- Save for a down payment and prepare to borrow
- Understand credit reports and credit scores
- Deal with banks, mortgage brokers, and online lenders
- Refinance a mortgage
The Everything Mortgage Bookteaches you how lenders work, how different kinds of loans are structured, and what they’re best for. You’ll also learn which mortgage practices and loans you should avoid. Whether you have a great credit history or a poor one, you’ll be able to get the best loan for your most important purchase-your home.
Lisa Holton is the author of How to be a Value Investor, The Essential Dictionary of Real Estate, and the Encyclopedia of Financial Planning. She is a contributing writer for the Financial Planning Association on consumer finance and retirement planning issues. Ms. Holton heads the Lisa Company, a writing, editing, and research firm. She lives in Evanston, IL.
List Price: $ 14.95
Price:
How to Buy a Home With No or Poor Credit
How to Buy a Home With No or Poor Credit
- ISBN13: 9780471119968
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
Own your own home-regardless of your credit rating
You can be a homeowner–even if your credit is nothing to brag about or virtually non-existent. This practical, fact-filled guide shows how to achieve your goal of home ownership with your current credit. Mortgage loan officer Thomas K. Masters teaches you the basics of home buying, from alternative mortgage programs to financing tips that will help you avoid the red tape of many home loans. Clear, concise, and free of technical jargon, this accessible, straightforward reference is filled with real-life examples. Here’s where you can find essential information on:
* “Qualifying ratios” set by the federal lending authorities
* Assumable financing, wraparound financing, quitclaim deeds with refinance options, lease options, and quick qualifying loans
* What to look for in a lender
* Ways to qualify for low-down and no-down payment home loans
* Understanding loan applications and forms
* How to clean up your credit profile
List Price: $ 24.95
Price:
Categories: Loan Products Tags: Credit, home, poor
Matters Which Can Effect On Your Chances Of Bad Credit Home Loan Approval
Currently, bad credit home loan score is FICO’s results for an individual whose credit history resulted to a score of less than 620. The national average credit score being 680, while those with more than 700 are considered as good credit scorers.
Some people were unable to avoid incurring poor marks on their credit history during the recent slump in economy. A lot of people lost their jobs and much as they wanted to, they hardly had the resources to pay for their monthly loan mortgage amortizations. Hence they came to be classified as borrowers with bad credit home loan score.
Now some of these people were able to recover and found jobs that could let them start all over again. Their current bad credit home loan score will not disqualify them in applying for a new home mortgage loan. Rather than wait for the economy to pick up which will only result to a rise in the value of real property, availing of a bad credit home loan seems like a good move.
Two Types of Bad Credit Home Loans for People with Bad Credit Home Loan Score
The first type is available to people who have bad credit home loan score but will venture into buying a home during these times while real estate properties have low market values. In fact they are more aptly classified as bad credit new home loans. Borrowers under this type of loan should expect higher interest rates, starting at 10% per annum. It will still depend on the bad credit home loan score that they currently have. In some cases, they can even be disapproved which will depend on the analysis and assessment of the borrower’s bad credit home loan score and credit performance.
The second type of bad credit home loan is extended to those with existing home mortgage loans but was unable to keep their mortgage loan payment up to date. Hence, they incurred bad credit home loan score in the process. Their inability to pay may have stemmed from lack of jobs or slump in their businesses. Since they have already paid at least 20% equity or ownership in the current market value of their mortgaged property, a bad credit home loan will allow them to take out a loan against their equity. This will be used not for the purpose of buying a new home but only for home improvements that will allow them to sell their houses at a better price or as additional working capital for their businesses.
What Can Affect your Chances of Loan Approval In Spite of a Bad Credit Home Loan Score?
The matter of a bad credit home loan score will no longer focus on the score itself. Your credit performance will play an important factor as to what caused your bad credit home loan score. Here are the different aspects that will be assessed in its evaluation:
1. The amount of loan amortizations still in default and your credit history on how long it takes you to settle said payment defaults.
2. Since when were the amortization payments started to be in default? Did they occur even before you lost your job or as a result of losing your job? The point in time when you started incurring the defaults is crucial because it will be indicative whether it was already a bad credit performance from the start.
3. Did you take up residence in the said property under mortgage or held it only as a form of investment?
4. Other negative information on your credit history such as declaration of bankruptcy, charge-offs and collection lawsuits for other loans like credit cards.
Remember that the lending company or bank will be taking a great risk in extending loans to bad credit home loan score borrowers. Some may impose higher interest rates while other will take advantage of your situation. The best thing you should do is to make a research on the lending institution who will give you the most helpful bad credit home loan despite your bad credit home loan score.
For more useful information, please visit our website: THE KNOWLEDGE BASE, and look for the BUSINESS & FINANCE section.
Written by ja_schmidt
Q&A: Is home ownership possible for people with poor credit?
Question by Tina R: Is home ownership possible for people with poor credit?
I have poor credit, but I have a steady job and planning to enroll in a debt consolidation program. I have never owned a home before. Are there any programs for first-time home buyers with poor credit? Does anyone have any recommendations?
Best answer:
Answer by graciouswolfe
I can only say for a fact, that the worse your credit rating is, the higher the interest rate becomes.
Add your own answer in the comments!
Debt consolidation installment loan – How are these helpful?
Debt consolidation installment loan – How are these helpful?
Debt consolidation is the process that helps in lowering the interest rate on your unsecured debts and in reducing the number of debts that you have. So, debt consolidation can really help you in paying off debts and in becoming free of the financial obligations. However, one thing that you need to consider is if you can achieve fast cash consolidation on your unsecured debts. Yes, it can be done only if you are able to make more than minimum payments on the consolidated debt.
Debt consolidation installment loan
An easy way to consolidate your unsecured debts is getting an installment consolidation loan. This will not only help you in easily making the payments against the consolidated debt but is also going to help you in achieving fast debt consolidation.
Now, you may ask what an installment loan is. An installment consolidation loan is that against which you will have the option to make the payments in installments. Thus, it becomes easier for you to make the payments as you are able to divide the lump sum into several small payments.
There are various such banks and companies that offer installment loans and in order to get one, you need to do some research. You will have to get the quotes on such loans and compare them in order to get the best of the offers. Only if you are able to get the best offer like low interest rate, you may be able to get the right kind of advantage while consolidating the debts.
As you are required to make the payments in installments, it becomes easier for you to plan the payments in the right way and even helps you in staying within your affordability. As you can make the payments in installments, you will also be able to handle all other expenses along with the consolidation.
Which loans are the installment loans?
Most of the home loans like the home equity loan and also the private loans can be used as the installment loans. Actually, you need to talk to the lender regarding the installment payments in order to make the payments in parts rather than paying it off in lump sum.
Again, you need to know what a home equity loan is. A home equity loan is the loan which you can take out based on the equity that may have built up against your home. As you go on making the mortgage payments and as the value of the property appreciates with time, equity builds up on your home. You can then take out a home equity loan and use it to make the payments on your consolidated debt.
For more information visit http://www.debtconsolidationcare.com/program.html
Categories: Loan Articles Tags: debt consolidation, home, loan, loans, payments
Home equity loans
In this video, you will be educated of what home equity loans are and what you can do with it. Also, you will discover the secret on how you can convert it to cash.
You will be given an example and provide you with the steps of how you can make money out of it. Necessary information will be handed to you for you to know where to go and what you have to do. Important things will be given like requirements and what they consider especially when you go to the bank.
Explanation about the things to remember will be tackled in a very simple way for you to understand it completely. After watching this video you will be satisfied with the advices and of course the information you gained from this.
So enjoy and learn many things about Home equity loans.
Categories: Loan Videos Tags: equity, home, loans
How do you qualify for the HOME START Tax Credit Advance Loan?
Question by vee_ann84: How do you qualify for the HOME START Tax Credit Advance Loan?
We were pre-approved for an FHA loan. We want to take advantage of the HOME START Tax Advance Loan where you can use the $ 8000 first-homebuyer tax credit for your downpayment. Does anyone know anything about this? Do you have to have a certain debt-to-income ratio to qualify?
Best answer:
Answer by v b
While the FHA authorized this, it’s only if states are willing to do it.
Your real estate agent should know if it’s available and how to get you in touch with them.
Here are the requirements for Illinois (they may be typical)
http://www.ihda.org/admin/Upload/Files//784fbb40-55e9-4a4b-bc75-789be5d17f7a.pdf.
Know better? Leave your own answer in the comments!