Decoding the New Mortgage Market: Insider Secrets for Getting the Best Loan Without Getting Ripped Off - Softcover

You don’t have to join the crowd and give up on the dream of home ownership. With purchase prices staying remarkably low, it’s a great time to buy a house. Yet thanks to the recent financial crisis and lingering credit crunch, it’s much tougher to find and qualify for a manageable mortgage loan.

Decoding the New Mortgage Market is an invaluable insider’s guide to finding the best and most realistic mortgage deals while avoiding the minefields. A respected industry expert and a veteran loan officer, David Reed tells you everything you need to know to make your dream a reality, without risking default or foreclosure. Inside, you’ll learn the latest, critical information about:

· Underwriting changes that affect Fannie, Freddie, and everyone shopping for a “conventional” loan

· New rules that make it easier to qualify for FHA and VA loans . . . and the “new” government zero-down: USDA loans

· New regulations and loan disclosure requirements for mortgage lenders and mort­gages that actually work in the borrower’s favor

· Choosing the best loan officer and comparing available options to find the right mortgage program

· Finding down-payment money through nontraditional sources, including nonprofit agencies, bond programs, and equity transfers

· Overcoming credit issues, including bankruptcy

· New opportunities for saving big on closing costs and other fees

David Reed is the author of many books, including Mortgages 101 and Mortgage Confidential. As a senior loan analyst, he has closed more than 2,000 mortgage loans. He is a longtime columnist for Realty Times and lives in Austin, Texas.

DAVID REED (Austin, TX) is the author of many books including Mortgages 101 and Mortgage Confidential. As a senior loan officer, he has closed more than 2,000 mortgage loans. He is a columnist for Realty Times and Mortgage Originator magazine.