Business & Economics Books:

Mortganomics - A Critical Examination of Mortgage Lending Practices, Pricing, and Predatory Abuses

Format

Paperback

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Mortganomics - A Critical Examination of Mortgage Lending Practices, Pricing, and Predatory Abuses by Terry L Donovan
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Description

Mortganomics teaches readers how to successfully negotiate the terms of a home mortgage with any bank, mortgage lender or broker. It provides detailed examples how lenders price their home loans and how they can subjectively increase a customer's interest rate to create larger commissions and loan costs. It includes samples of lender's rate sheets showing their wholesale costs for the individual interest rates, and explains how to make a lender guarantee that they will charge only their required minimum fees, and nothing extra that would increase force the borrower to take a higher interest rate. It gives readers a step-by-step verifiable method for paying off their mortgage years early, and an easy method to evaluate how competitive their interest rate and terms are in the marketplace. The book sugar coats nothing when it comes to exposing the ways lenders mark up their costs at a borrower's expense, and the ways that they hide important facts from their customers. This book provides dozens of easy to understand loan pricing calculations that readers can use to negotiate their loan terms and detect predatory lending practices.
Release date NZ
April 20th, 2009
Illustrations
Illustrations, black and white
Imprint
Smart Books LLC
Dimensions
191x235x17
ISBN-13
9780615279473
Product ID
2966095

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