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Informationen zum Autor GARY W. ELDRED, PHD, has invested successfully in real estate for more than twenty years and has served on the graduate business faculty at Stanford University and the University of Virginia. He has authored many other real estate titles, including Make Money with Affordable Apartment Buildings and Commercial Properties, Second Edition; Trump University Real Estate 101; and Investing in Real Estate, Fifth Edition, all from Wiley. Klappentext Savvy Loan Qualifying Tips for Investors and Homebuyers How to Use Debt to Build Wealth Dozens of Low/No Down Payment Possibilities The only guidebook that shows you how to finance any property--with or without bank approval Would you like to discover all of the many ways that you can finance real estate? Want to learn how to cut your financing costs, avoid pitfalls, and negotiate the best terms? Then let Gary Eldred's 106 Mortgage Secrets All Borrowers Must Learn--But Lenders Don't Tell, Second Edition guide you. Fully updated, this practical guide explains how today's changing mortgage market really works. Unlike other mortgage guides, this book goes beyond traditional bank-originated loans and shows you how to benefit with seller financing, assumables, subject-to, wraparounds, lease options, foreclosures, and other money-saving possibilities. 106 Mortgage Secrets also protects you from the sharp practices of loan reps that have recently sparked Congressional hearings and multiple state investigations. In addition, Eldred shows how and why the right financing decisions can add tens (and sometimes hundreds) of thousands of dollars to your long-term net worth. With these 106 secrets, you'll build the confidence and the knowledge to: Increase your borrowing power Obtain the lowest interest rate Understand the true pros and cons of ARMs Cut (or eliminate) the cost of mortgage insurance Save big with seller financing, assumptions, foreclosures, and REOs Strengthen your credit profile and credit score Avoid getting taken... by the fine print and garbage fees Steer clear of scams and unprincipled loan reps and lenders Accumulate wealth through homeownership and investment properties Simple, concise, and comprehensive, this book reveals everything property buyers need to know--especially the 106 financing secrets lenders too often omit. Zusammenfassung Shows you how to finance any property - with or without bank approval. This practical guide explains how changing mortgage market really works. It shows you how to benefit with seller financing! assumables! subject-to! wraparounds! lease options! foreclosures! and other money-saving possibilities. Inhaltsverzeichnis Preface to the Second Edition xi Introduction: Use OPM to Achieve All That You Really Want xiii 1 Affordability Depends on You-Not a Lender 1 Secret #1 Affordability depends on you 1 Secret #2 How you choose your property and arrange financing can add (or subtract) tens (or even hundreds) of thousands of dollars to (from) your net worth 6 Secret #3 Separate the emotional from the financial 7 Secret #4 Align self-talk with your priorities 9 Secret #5 Envision the propert(ies) you would like to own 5, 10, or 15 years from now 15 2 Increase Your Borrowing Power 17 Secret #6 10,000 lenders set their own standards 17 Secret #7 You can make your qualifying ratios look better 20 Secret #8 Lift your qualifying income 23 Secret #9 Reduce your debt 27 Secret #10 Use compensating factors to justify higher qualifying ratios 30 Secret #11 Never fib to a lender 32 Secret #12 Can't qualify? Enlist a cosigner, co-borrower, or co-owner 34 Secret #13 Let tenants pay your mortgage 36 Secret #14 Don't change your loan status 42 3 Slash Your Cost of Interest 43 S...
