Mortganomics – A Critical Examination of Mortgage Lending Practices, Pricing, and Predatory Abuses Reviews
Mortganomics – A Critical Examination of Mortgage Lending Practices, Pricing, and Predatory Abuses
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
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(out of 5 reviews)
List Price: $ 24.99
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Review by Karen Gimbert for Mortganomics – A Critical Examination of Mortgage Lending Practices, Pricing, and Predatory Abuses
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WOW! After looking at dozens of books about how to get a mortgage, I was really lucky to find this one – it is amazing – and I give it FIVE STARS. I’ve had five other mortgages and always had the feeling that I was not getting the best deal I could get. The loan officers always seemed a little sneaky to me, and after reading this book, I know exactly why. This book showed me everything I needed to know to get the best deal on a mortgage – and even more.
I never knew that I could actually negotiate my loan with a lender, because I thought they had all the power – this book showed me how wrong I was. I didn’t know that I was really the one with the power, as long as I used it BEFORE I gave them my loan. This book shows you, at every step, what to do and when to do it in order to get the best deal.
Before reading Mortganomics, I had never heard the term “yield spread premium” and certainly wouldn’t have known how a lender uses them to hike my interest rate, which I’ll bet they did on all my other mortgages – those rats. Boy, now I know how the game is played, and they better watch out. Now, I feel 1000% more able to talk to a loan officer on their own terms, and make them give me the best terms they have, without making any attempt to stick it to me.
Every issue has sample documents, clear explanations, and are really easy to understand. I never saw any of this stuff in the other books. I HIGHLY RECOMMEND this book to anybody who cares enough about saving big bucks every month to read through it and use it as a reference – even right in front of their loan officer. If you buy it, you won’t be sorry, and the loan officers will treat you with a new level of respect.
BUY IT, BUY IT, BUY IT TODAY – BEFORE YOU GET RIPPED-OFF – AGAIN!
Review by Larry Cherry for Mortganomics – A Critical Examination of Mortgage Lending Practices, Pricing, and Predatory Abuses
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As a former mortgage and real estate broker I found the book clearly written and very informative for any layman and even professional. Worth the money.
Review by David Miller for Mortganomics – A Critical Examination of Mortgage Lending Practices, Pricing, and Predatory Abuses
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I recently bought a retirement home in Florida and heard dozens of horror stories about borrowers paying way too much for their loans because of all the foreclosures. Well, I went to amazon.com and typed in “mortgages” in the books category, and I found this book in #3 position on the first page. It was a lucky find, to say the least. I learned how to interview loan officers, which shocked them, and how to spot a few crooks. At my fourth lender, I actually carried the book in with me and showed it to the loan officer. After examining it for a while, she said “I’ll do this for you.” As a result, she disclosed all her wholesale prices and costs, and I paid exactly 1.00% – while securing an absolute par whlesale price. I can’t say enough good things about this book. It saved me a small fortune.
Review by T. K. Mccabe for Mortganomics – A Critical Examination of Mortgage Lending Practices, Pricing, and Predatory Abuses
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As a Realtor I have been dealing with the mortgage industry for over 20 years. This book takes a complicated process and makes it easier to understand for the average person, all people really, while offering candid insight I have not found anywhere else. It is a must read for anyone than plans on obtaining a mortgage or refinancing an existing one, or knows a loved one planning to do so. 20 years experience as a Realtor or not, I wish I had been able to read this book when I obtained my last mortgage about 15 years ago.
Review by Kenneth Speck for Mortganomics – A Critical Examination of Mortgage Lending Practices, Pricing, and Predatory Abuses
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This is a great book and a MUST read for ANYONE in the real estate business or a consumer buying a home. Great material, well presented and could well be a textbook for real estate clock hours for licensing.
I read it all in one evening. Been a Broker for 25 years and this is good stuff.