BOOK REVIEW AND GIVEAWAY: THE NEW RULES FOR MORTGAGES

“The New Rules for Mortgages” by Dale Siegel provides a fantastic understanding of everything you need to know about mortgages. For many, a home is the most important purchase of their lives, and a mortgage is a necessary tool to make dreams of home ownership come true.

Qualifying for a mortgage is daunting, but it doesn’t have to be less than Dale Siegel’s Guide. After all, who is better at giving directions than the president of your own mortgage company?

It is important to note that Dale is really trying to educate readers about mortgages and is not using his book as a sounding board for his company. The book is like a secret weapon for first-time homebuyers who dare to tiptoe past enemy landmines. The enemy is the industry that has cleverly eliminated many addendums through exotic phony loans and overly high fees.

The new rules for mortgages

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Dale prepares you to be as mortgage ready as possible by discussing the importance of your FICO Score and discussing what your income and finances can provide in terms of qualifying for debt.

The most helpful chapter for me, and perhaps many readers, is Chapter 5, which discusses which mortgage is best for you . As you can imagine, there are many different types of loans, and it’s important to match the right mortgage for your income and length of home ownership.

First-time homebuyers will feel comfortable with Chapter 7 , which guides buyers through the loan process . There’s a lot of paperwork, and just like a good college application, you need to have your paperwork to make yourself as presentable as a candidate. Good preparation means money saved!

In short, “The New Rules for Mortgages” is an excellent read for anyone looking to buy a home in today’s strong housing market . Dale’s book will probably save you a lot of heartache and a lot of money because believe me, after buying several properties and going through many refinances over the years, I know!

Invest wisely in real estate

If you’re looking to buy a property as an investment or reinvest the proceeds from the sale of your home, check out Fundrise , one of the largest real estate crowdfunding platforms today. They allow everyone to invest in mid-market commercial real estate deals across the country that were previously only available to institutions or very high net worth individuals.

They are the pioneers of eREIT funds and are creating an Opportunity Fund to take advantage of tax-efficient Opportunity Zones. Thanks to technology, it’s now much easier to take advantage of the lowest-value, highest-net-rent properties across the United States.