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— Francis Bacon
After the implosion of the mortgage industry and collapse of the real estate world, Americans are still trying to get back on their feet. As part of fix, the mortgage lending industry has been revamped to make sure this does not ever happen again. Easy money is gone from the real estate world and the borrower must take a more proactive and educated stand in their role as mortgage applicant. Even if you have been through the process before, you will be shocked to see how much has changed with the rules and process for obtaining a mortgage!
Now you can learn how to qualify for a mortgage, know the best loan product to choose and how to walk through the process from this simple and concise book. The rules have changed and Dale Robyn Siegel, attorney, mortgage professional and educator takes you through The New Rules for Mortgages in 200 pages of easy reading. Dale took her twenty years of industry experience and ten years of seminars and mapped out the process of how to get a mortgage, beginning with the all important FICO score and finishing up with protecting your largest asset in death, divorce and other life changing events- all with using real life examples and a bit of humor.
You will learn:
- What are the new guidelines for FICO scores and how they affect the required down payment and interest rate?
- What is a Rapid Rescore Response and can it really improve your credit score in 48 hours?
- How to get money from your 401k without a penalty
- Why is it now so important to show as much money in reserves as you can?
- How to choose the best loan product to fit your financial needs and goals, while reducing your risk?
- Private Mortgage Insurance vs. lender insured loans: which one is the better choice?
- Under the new guidelines, what will it cost you to refinance your home and pull cash out
- Points, origination fees, discount fees and broker fees. How do you avoid them all?
- What economic and world factors really affect the mortgage rates?
The New Rules for Mortgages does not pretend to offer insider secrets or tips, just the hard facts. Getting a mortgage is not rocket science and you do not need any insider secrets to do it, you simply need to understand the guidelines and process and how they pertain to you! The book was compiled from actual industry guidelines and written so a layperson may understand how lenders think about them. Of course there is a spattering of humor and many real life examples to take the actual dryness out of the subject matter. The material includes the most current mortgage information available to the public through major booksellers and Dale often updates section of the book in her blog.
With a few hours read time, this book will give you the proper education to get the best mortgage for you! Knowledge is power — buy this book!
Sample a bit of it now:
Table of Contents (PDF)
Excerpt from Chapter 1: The All-Important Credit Score (PDF)
Excerpt from Chapter 5: What Mortgage Is Best for You? (PDF)
Siegel's day job as a mortgage broker gives her the (Wall and Main) Street credibility on the topic of what it takes -- right now -- to get a mortgage that is so lacking in many mortgage how-to titles. As such, "The New Rules for Mortgages" is written in the demystifying, real-world educational voice of one whose job it is to empower borrowers with just the facts they actually need to know to prepare themselves to qualify for and choose the right home loan for them. The New Rules For Mortgages” by Dale Siegel provides a fantastic understanding of everything you need to know about mortgages…… The book is like a secret weapon for first time home-buyers who dare tip-toe past enemy landmines. The enemy is the industry which has adeptly blown off many appendages via exotic liar loans and oh-too-high fees. For me, the power of the book is the simple fact that the book was written by a mortgage practitioner with real world experience with today's mortgage market and rules. Instead of applying vague theories about how homeowner mortgages are structured and financed, Dale Robyn Siegel shares advice that the reader can use to save thousands of dollars in every step of the home mortgage process. From the table of contents, the reader will be mesmerized by the organization and thought that went into answering the question of “What are the new rules of acquiring a mortgage”? The reader will learn just by reading the table of content that the credit score is the driving vehicle of acquiring a mortgage followed by income. You may be wondering why there were several paragraphs about the table of contents. Well, the table of contents conveyed to me if the writer understands the buying process. If the book started by talking about the mortgage products then that conveyed only a desire to give typical information; however, it starts at the level where the buyer starts at the credit score thereby conveying a desire to empower the buyer. As the old adage says “knowledge is power.” In the first few paragraphs and first few sentences of the book, Siegel continues on her quest to give the buyer power by revealing the origins of a mortgage.
What the Experts Are Saying
Tara-Nicholle Nelson, author of The Savvy Woman’s Homebuying Handbook:
Financial Samurai:
Blog Business World:
Serena Brown, Editor of Taylor Brown Real Estate Talks:
Chris Treece, President & Founder of the Chris Treece, Inc.:
The New Rules For Mortgages is by far the best and most informative book on the market today relating to the mortgage industry. Dale has truly shown her 20 plus years of knowledge. This is a very good guide for anyone who is looking to purchase a home or refinance. I have a 16 year background in the mortgage industry and I would strongly recommend this book to everyone in the industry.
Get It Now
The New Rules For Mortgages
Dale Robyn Siegel
Paperback: 192 pages
Publisher: Penguin/Alpha
Get It Now!
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