Mortgage

This steaming heap of information was UNcarefully gathered from the Internet (by some type of automated, grab-it-all crap program) ... dumped UNedited into giant PDF files and burned to CD. It is less useful than a simple hyperlinks to HUD, Fannie Mae and Freddie Mac. I can't begin to tell you how ugly this is. I haven't seen information this DISorganized since the streets of NY filled with paper showering down from the horrific World Trade Center disaster. Absolutely worthless. Trash. Avoid this at any cost.

Warning! This is nothing but a reproduction of thousands of government agency WEB PAGES, all available FOR FREE to anyone with internet access. It is NOT INDEXED, meaning you have to search the entire disc for words or phrases you're interested in JUST LIKE YOU WOULD ON THE INTERNET. I am returning this at once!

The author writes like a hustler who is trying to con you into believing he is something he isn't. From the quality of the information in this book, the author certainly seems to understand mortgage. Yet, the street-wise tone of the author actually curbs his own credibility. He uses phrases such as "Avoid the bang of a bursting balloon","How to borrow jumbo amounts without paying jumbo rates", and "[author] simplifies complicated math...[and] make sure your loan rep is being honest with you". Such lingo belongs in an infomercial. Beyond his own hoopla, the book does contain valuable information. Just don't buy into his own hype.

You won't be disappointed with this book. It really covers the territory--everything from qualifying tips to government programs to seller financing to saving big dollars. Before I read this book I didn't know a an ARM from a leg. Now I can talk mortgage talk with any lender and not feel like I'm prime meat for the wolves. Really gives the lowdown on all types of financing alternatives and how not to get caught by the fine print. Thoroughly shows how to pay off your loan faster and save tens of thousands of dollars. Nuff said. This knowledge will pay back a thousand times the cost of the book.

I previously read Eldred's book,Investing In Real Estate.It's the best,comprehensive, and most sensible guide to investing that you'll find (read the reviews for youself). Likewise, this book on financing goes way beyond the other authors that I have read. (Sidenote: I cannot figure out what the Seattle reviewer is talking about, Mortgage Secrets deals exclusively with the ins and outs of financing techniques, saving money, cutting mortgage costs,and building equity faster. This book says nothing about using high leverage to get rich in real estate. As to infomercial hype, Eldred actually lambasts these gurus and warns how their "techniques" can lead the gullible to financial ruin. He even cautions strongly against home equity loans.) If you want to learn your financing options as well as the "tricks of the trade", you won't find a better book than this one. Although I'm in the business, I liked this book because a much more educated borrower gives us true professionals a stong advantage over our competition. Read Mortgage Secrets, then work with a broker who follows the insights that Eldred reveals. I'll make more money and you will get a better deal.