Numbers Don’t Always Add Up For Would Be Home Owners

211; Local Author breaks the mold with an upfront approach to mortgage finance education. His approach not only allows even the newest of new home shoppers a chance to level the playing field but home shoppers can learn to use “what they know” as opposed to “who they know” to lock in insider loan terms.
Even in one of the hottest real estate markets in the country, would be home owners scurry to make sense of the mortgage financing maze. When all indicators seem hot, home buyers can get frozen out of their dream home by not knowing the rules of engagement when it comes to applying for a loan to finance their home.

As Gary Lewis points out in his book, Mortgage Profits Revealed, a simple lack of how to dissect the vast pool of information available about mortgage interest rates can not only lead to a sour deal but can pull a prospective home buyer off of the market all together. With big claims of near free mortgage lending and viciously competitive advertising, big lenders with deep budgets for advertising can induce a level of confusion only paralleled by a quick few minutes of spinning on a merry go round.

When asked why he chose to be so controversial, Gary said “Not only can a borrower achieve better loan terms thru education but some people have been turned down by a lender when they shouldn’t have been and that is simply not right. In many cases lenders are more worried about preserving a certain profit margin than they are about giving in a little and helping people, who otherwise wouldn’t qualify, get in to a new home.” There is no substitute for good old fashioned home work when it comes to finding the best mortgage. In his new book, Mortgage Profits Revealed, Gary Lewis sets a new mold by revealing the true profit in mortgage interest rates enabling want to be home owners to make their dreams a reality.

Author:  

Email:    

Topic:    

Content:

Related Articles

• Federal Home Loan Bank of Dallas Announces Board of Director Election Results
  23 November 2005



• "Early Bird" Raffle Deadline Nears in One Million Dollar Oak Park Home Raffle
  23 November 2005



• Price Named Chief Executive at Federal Home Loan Bank of Pittsburgh
  22 November 2005



• MBNA America Bank, N.A. Securitizes $400 Million of Credit Card Receivables from the MBNA Credit Card Master Note Trust
  22 November 2005



• American Home Mortgage Investment Corp. to Present at the FBR 2005 Investor Conference on November 30, 2005
  22 November 2005



• Merchant Account Payment Gateway FastCharge.com Offers Telephone Credit Card Procesing via The Internet
  22 November 2005



• Credit card star ratings report released today
  19 November 2005



• Fear of Identity Theft and Credit Card Fraud Worry Consumers During the 2005 Holiday Season, According to IBM Survey
  17 November 2005



• Credit Card Rates Up for Sixth Straight Week
  16 November 2005



• Illinois Third-Quarter Home Sales Up 3.9 Percent; Statewide Single-Family Median Price at $211,000
  15 November 2005