The New Rules for Mortgages

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!