With mortgage stories dominating the front-page news, peopleawhether theyare buying a new house or refinancingaincreasingly have questions about the complicated issues at stake. Arranged in an easily accessible question-and-answer format, Mortgages 101 provides readers with essential lending formulas, as well as important information on lending requirements and application procedures. The book shows readers how to save money by: ac understanding key terms like ARMs and hybridsaand reading whatas in the fine print ac improving their credit scores to increase their borrowing power ac using technology to get the lowest interest rates ac maximizing their return on investment, and cutting the cost of mortgage insurance This revised edition includes up-to-date material on new loan and government programs, as well as changes to the law regarding tax deductions, down payment assistance, reverse mortgages, bankruptcy, negative amortization and moreain short, all the answers readers need, in one must-have reference.If youa#39;ve never had a late payment on a credit account, then this fact alone contributes significantly to your score. ... HISTORY. AFFECT. MY. CREDIT. SCORE? Credit scores can be affected by how often you make your payments on or beforeanbsp;...
|Publisher||:||AMACOM Div American Mgmt Assn - 2008-05-02|