Adjustable-rate-mortgage Books

It explains in detail everthing you need to know about Refincancing and other helpful information and more.

I've read that you have to watch those mortgage brokers, and have heard all of the horor stories - people losing their houses over bad home loan mortgage refinancing deals, and now I believe them!

This book covers the pitfalls, and I feel like now I'm getting a way better deal than I would have otherwise on my refinance. I'm glad to have locked in the fixed rate mortgage, since I had an option ARM and now I feel like my future is much more secure.

This book is handy to have around if you are refinancing for the first time, or want to get a better deal this time around.

Thank you to the author - great job.

not a book you want to purchase if you want to learn the business but great if you are a home owner.

I learned nothing from this book that I didn't already know. After talking with friends and family and finding a good mortgage banker I trusted, I knew what I needed to. I was very disappointed in it!

Very well written... useful not only for mortgage shoppers but also for professionals working in fields related to Financial Services!

This book saved me about $22,000 when I purchased my house. It prepared me to know what to look for and what to ask for when searching for a mortgage! I had purchased the home buying for dummies book and while reading that I learned I needed to know so much more about the financing aspect. Since it was my first home purchase I was clueless. This book walked me through and helped me discover what my personal needs were. I found my dream house, a perfect fit mortgage, and closed all in 2 weeks. AMAZING!

The book touches on the very basics of buying a home. Lots of industry terms defined - this solves a communication barrier to often seen in this industry. Often times, some lenders forget to check the literacy of there clients and breeze through the whole process without defining some key terms. With this book, loan officers/brokers/agents and clients are on the same page.

First time buyers who read this book will feel a little more confident, especially with reading articles and books pertaining to buying/investing in a home.

This was a good book. I do recommend it to anyone that is interested in the subprime crisis.

The book is written clearly and to the point. Explaining the complex world of subprime loans within our global economy would prove daunting for even America's most accomplished economics scholars. Charles Brownell hits a home run by giving as a view into the seedy world of subprime mortgages - from the initial loan to the creative packaging of CDO's on Wall Street..

A great read for existing homeowners or individuals planning to own a home in the future. The book provides a crash course education on how our loan system "really" works and how buyers can avoid fatal pitfalls along the way. Includes several helpful tips on how to avoid hidden and unnecessary finance expenses.

With the current subprime meltdown taking place within the US Economy, many people are losing their homes and millions more are worried about how they are going to make their mortgage payments. In his book, Subprime Meltdown: From U.S. Crisis to Global Recession, author and real estate expert Charles Brownell addresses how the subprime mortgage was created, how it works, and what factors led to the current subprime mortgage crisis.

In 114 pages, Brownell succeeds in providing a comprehensive understanding of how a number of different sectors contributed to this crisis which has resulted in far more world wide implications. Brownell explains how the Federal Government and Congress instigated the current crisis between 1975 and 1980 when they passed legislation that forced financial institutions into the subprime market stating that it was discriminatory not to give loans to low and moderate income people. He details how the financial institutions could not afford to give loans that were considered high risk so they came up with clever ways to profit. A number of the ways that he describes were very shady and ended up costing mortgage holders much more than they thought. As well, he shows how practices of financial institutions resulted in what is known as predatory lending.

People lacking knowledge on subprime mortgages will find the book very easy to understand. Brownell provides clarity on a very confusing subject. Not only does he explain how mortgage lenders work with financial lenders to ensure the best profit for them, he also provides an account of all those hidden fees that people often don't know about. As well, he offers solutions on how to reduce the chance of another subprime mortgage crisis from recurring. For those seeking advice on how to make sure they choose a mortgage that they can afford, helpful tips on managing your money and what to look for when choosing a mortgage are provided.

The book is a very educational read for those trying to make sense of the subprime mortgage market. Although it is about a serious situation, it is very optimistic with an important message of the need for consumer education.

Tracy Roberts, Write Field Services