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Mortgage Loans: Whats Right for You? James E. Bridges

Mortgage Loans: Whats Right for You?

James E. Bridges

Published April 1st 1997
ISBN : 9781558704343
Paperback
144 pages
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 About the Book 

Whether youre buying or refinancing, this updated guidebook provides you with the knowledge you need to protect yourself and your home - including the latest government information affecting mortgages. Inside, youll find facts on the differentMoreWhether youre buying or refinancing, this updated guidebook provides you with the knowledge you need to protect yourself and your home - including the latest government information affecting mortgages. Inside, youll find facts on the different kinds of mortgages available - 20+ varieties, including adjustable, assumable, buy downs, conforming and nonconforming, convertible, farmers home loan, FHA, fixed rate, fixed rate with balloon, graduated payment, and rent with option to buy. Youll read about the advantages and disadvantages of each, and what kinds of loans to avoid. Most important, youll find out which one is right for you - depending on your age, particular needs and financial situation. This book takes the mystery out of caps, margins, points, and how theyre figured. It answers the question, What is P.M.I.? It gives you a behind-the-scenes look at the mortgage bank, a rundown of what questions to ask, and a clear roundup of closing costs.