“Dale Siegel’s book, ‘The New Rules For Mortgages,’ is an essential guide for anyone stepping into the complex world of home loans. It’s perfect for those making their biggest purchase: a home. Dale, a seasoned expert running her own mortgage company, breaks down the intimidating process of qualifying for a mortgage, making it more approachable and less daunting.
The book does a great job of not just being a promotional tool but rather a treasure trove of insights into navigating the mortgage landscape. It equips you with the necessary knowledge to avoid the pitfalls of the industry, such as deceptive loan types and excessive fees, which Siegel likens to navigating a minefield.
She dives deep into what makes you ‘mortgage-ready,’ stressing the significance of your FICO score and how your financials influence your borrowing capacity. The standout for me was Chapter 5, which clarifies the different types of loans available, ensuring you find one that matches your financial situation and the length of time you plan to own your home.
For first-time homebuyers, Chapter 7 is particularly reassuring. It walks you through the often overwhelming amount of paperwork required, akin to preparing a thorough college application. Good preparation not only eases the process but also saves money.
In conclusion, ‘The New Rules for Mortgages’ is a valuable resource for prospective homeowners. It’s a book that could save you from many headaches and financial strain, something I can vouch for after multiple property purchases and refinances myself.
If you’re also interested in real estate investment, consider exploring real estate crowdfunding platforms like Fundrise. They democratize access to mid-market commercial real estate investments, traditionally reserved for the very wealthy, thanks to advancements in technology. These platforms are pioneering eREITs and taking advantage of tax-efficient Opportunity Zones, making it easier to find properties with lower valuations and higher rental yields.
When shopping for a mortgage or refinancing, leverage technology to your advantage. It’s now possible to receive no-obligation quotes from top lenders in minutes. The more lenders compete for your business, the better the rates you can secure, all from the comfort of your home or on the go.”
