Mortgage Encyclopedia: An Authoritative Guide to Mortgage Programs, Practices, Prices and Pitfalls

Rating:
Summary: In Mortgages or Buying a Home? BUY THIS BOOK!!!!!!!!!!!!!!!!
Review: This is an extraordinary piece of work that no mortgage professional should be without. There is so much I could say about this book, but if I said what I wanted to say, this review would be half as long as the book. There is value on every single page of this thing! You'll keep turning the pages and you'll be amazed at how much you learn.

Written in clear, lucid, helpful, well-documented terms, this is a completely trustworthy resource that any mortgage loan originator - newcomer or veteran - will learn a great deal from.

Real estate journalists, regulators, and legislators should not do their work without having this book by their side. Don't move ahead with any mortgage-related activity without consulting this incredible work.

I am going to adopt it as one of the required textbooks for my community college classes for new loan originators. This will be required reading, and will prove to be an invaluable daily-reference resource as the students move into their careers.

In my work around the country for www.trainingpro.com as a trainer for the ten largest mortgage companies in the country, I recommend this book to every originator I see. And I have to keep a close watch on my heavily dog-eared copy because I watch it slipping away at every class I show it to. Once originators have it in their hands they don't want to let it go, and I understand why. I take it with me everywhere I go, and prop it up in front of my classes so students will know what I think of it. It is an invaluable teaching and learning resource.

Furthermore, whenever anyone in or outside the business asks me where to go to learn about mortgages I immediately recommend this author's website. There are tutorials on a wide array of mortgage-related subjects. He is at www.mtgprofessor.com

I know this sounds like I am some kind of shill for this guy, but the fact is I have never met him and have only talked with him a few times on the phone and via e-mail, and I have no financial interest in the book whatsoever.

His picture makes him appear to be a gruff old coot, but he is friendly and helpful and seems genuinely interested in explaining mortgage concepts to consumers and to loan originators. He is the real deal, a great asset to consumers and to the mortgage industry. His column is syndicated, and he is at Yahoo Finance, in addition to his books. I also recommend his Pocket Mortgage Guide. Buy his books. I guarantee you won't be disappointed. If someone showed me the information in this book in manual form I would assume the price would be in the hundreds of dollars. Whoever priced this thing left a lot of money on the table. Their loss, your gain.