Synopsis "Home Buying and Financing 101 (in English)"
This "Home Buying & Financing 101 Second Edition" book is probably the most comprehensive and informative book on the market and written in language that anyone can understand. This book covers everything from the Loan Processing process to discussing Cost and Rates to explaining the Parts of Loans and Loan Comparisons. In addition, this book points out the Dangerous Loans to avoid in the market place and breaks down Margins/Spreads, as well as, what Indexes to avoid, what Life Caps to avoid, and how to avoid Dangerous Start Rates concerning adjustable loans. This book also covers Reverse Mortgages and shows people how to intelligently buy a home. The book also has a "Bonus" section on how to establish one's credit and how to expand their credit along with a chapter on how to deal with business and corporate expansion loans and a lot more.Nevertheless, if the author had to do it all over again, he would have made this book mandatory reading for every Real Estate Agent and all Loan Officers in the private sector, as well as, the banking industry. Anyone thinking about buying a home for the first time or thinking about buying another home or additional homes will benefit greatly by knowing this information that will put them on an equal level or above any Real Estate Agents or Real Estate Loan Officers so that they will not be misled in their real estate transaction. The book also covers "Steering" which is against the law in real estate and how to deal with this situation should it happen to you, the consumer. Likewise, we also point out to the people in real estate, as well as, government agencies in authority, who people can contact who are more than capable of handling any unethical or misleading events that could happen to people simply because they are not aware of the real estate and mortgage rules and regulations. Likewise, should anyone be interested in becoming a Real Estate Mortgage Loan Officer, this book will give you the knowledge and advantage over anyone else who is thinking about changing careers into this prestigious field. Not only was Mr. Kovach a multi-million dollar Loan Officer for years, he also developed a Professional Loan Officers Training Manual that was used in his Professional Loan Officer Training Center where he trained over three-quarters of Orange County, CA brokers and loan officers before retiring.
