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10 of 10 people found the following review helpful
3.0 out of 5 stars Outdated, April 7, 2016
By 
CAC (Chicago, IL United States) - See all my reviews
Verified Purchase(What's this?)
This review is from: Mortgage Ripoffs and Money Savers: An Industry Insider Explains How to Save Thousands on Your Mortgage or Re-Finance (Paperback)
A phenomenal book for the time, but no longer applicable after the housing bubble and the resulting regulations. The Good Faith Estimate and Truth in Lending forms have been replaced by the Loan Estimate. The yield spread premium has been outlawed. It's essentially impossible to get a stated-income loan and much more difficult to get a mortgage with subprime credit. It's great that so much of the confusing, dangerous behavior from the industry has been eliminated, but it also means you no longer need this book. If Ms. Warren wrote an updated version for the 2016 market, I'd certainly buy it.
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4 of 4 people found the following review helpful
5.0 out of 5 stars Buy this book and learn how to save money on the largest purchase you will ever make, December 14, 2015
Verified Purchase(What's this?)
This review is from: Mortgage Ripoffs and Money Savers: An Industry Insider Explains How to Save Thousands on Your Mortgage or Re-Finance (Paperback)
The purchase of a home is the largest expense most of us will ever face. Signing your name on the dotted line and agreeing to borrow large sums of money is daunting and intimidating. There is an entire industry focused on loaning money to home buyers. Some of the people in that industry are honest. Others are not. When you consider the tens of thousands of dollars that you could save yourself, buying Carolyn Warren's book is without question one of the best decisions you could make before purchasing or refinancing a home. There are so many options, rules, and regulations to consider, and insider jargon to wade through that seems to be intended to confuse the borrower. Do yourself a favor and buy this book. You will become better informed and more likely to save your hard-earned money and keep it for yourself to enjoy your life. Don't remain uninformed. Buy Carolyn Warren's book. You will not be sorry.
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1 of 1 people found the following review helpful
5.0 out of 5 stars If you are considering buying a home, make this your first home investment, September 25, 2015
By 
J (USA) - See all my reviews
(VINE VOICE)   
Verified Purchase(What's this?)
I found this book to be highly informative and helpful. It does a great job of explaining how the mortgage process works as well as the roles of those in the mortgage lending business. It arms you with real useable knowledge to avoid getting ripped off or exploited. It is extremely thorough in breaking down the various tactics and tricks used by lenders and brokers to fool unwitting home buyers into paying hundreds, or more likely tens of thousands, of dollars more than they believe they're signing to finance. Something as small and barely noticeable such as a certain number entered in the right box of a Good Faith Estimate can cost you tens of thousands of extra dollars over the life of the loan. One single digit that would likely go unnoticed or ignored by 90% of the people who see it without prior warning.

This book will explain the motivations and tactics of shady brokers and lenders. Not all brokers are bad. There are some very good hardworking honest brokers out... Read more
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