Mortgage Myths: 77 Secrets That Will Save You Thousands on Home Financing

by Chip Cummings and Ralph R. Roberts

In Mortgage Myths, Realtor Ralph Roberts and mortgage consultant Chip Cummings take aim at the 77 mortgage myths that prevent so many would-be homeowners and real estate investors from pursuing their dreams of homeownership. You'll learn the difference between good and bad debt, how to make mortgage approval easier and simpler, and how to use other people's money to leverage your investments. This is the ultimate guide to getting the great deal you...

• Format: Paperback
• Language: English
• ISBN: 0470195878
• ISBN13: 9780470195871
• Release Date: December 2007
• Publisher: Wiley
• Length: 304 Pages
• Weight: 0.85 lbs.
• Dimensions: 0.8" x 6.0" x 8.9"

Customer Reviews

Myth vs. Fact a good formula!

I found this book quite enjoyable! The format is creative in the way it pits Myth vs. Fact, and uses a lot of stories to illustrate the points. It is obvious that authors Chip Cummings and Ralph Roberts have a great deal of experience in the real estate and mortgage worlds, and while some of the strategies (such as no income loans) are no longer available, it delivers a great deal of value to the reader. better yet, the authors make a point of illustrating how "bad" those types of loans were! Would definitely recommend this book to any new first-time home buyers BEFORE you start searching for a home! Would be a great investment.

Fun format makes this worth it

I picked this up with the authors other book "Foreclosure Myths", as I liked the style and easy-to-read format used. While several things in the mortgage world have changed, there is some good basic advice and tips provided to steer any would-be homebuyer in the right direction. The 100% programs mentioned are no longer available, but the stories are great, and illustrate how to avoid major problems that can waste money. Definitely recommend for new homebuyers.

Excellent for beginners

Great format! I liked the way the text was laid out using "myths" and "stories" to illustrate the points. Anyone just starting out looking for a home will find this a great resource. Have enjoyed other books by Ralph, so this was an easy pick - and I wasn't disappointed.

Mortgage Myths Review

Hey Loan Officers! This is a great book to give to your clients. All your disclosures would be covered. Plus it is full of good advice. I even learned a few things. Worth the price.

Long over due.

This type of information is long over due not only for consumers but industry folks as well. Two respected professionals in their own field come together to give timley, important information to consumers, industry and everyone else. This is not only a must read for anyone thinking of buying, selling or refinancing their home but should be part of any real estate or mortgage professional's library.