I have received two copies of the book, The New Rules for Mortgages from the author Dale Robyn Siegel (she recently wrote the guest post 5 Things New Homebuyers Should Know Before They Dive In on Growing Money). I will keep one copy for myself and give away the second copy to one of my readers. The person will be chosen randomly from the comments section.
Book Giveaway Entry
To participate, simply submit a comment at the bottom of this post, include your name and email address (to contact you), and state the monthly payment for your mortgage. If you do not have a mortgage, write “No mortgage” (This will not count against you).
- Example: Sean Smarty, GrowingMoney(at)Gmail.com, “My rental property mortgage is approx. $700 a month.”
The last day for drawing entry is Wednesday Aug 11, 2010.
Winner (Update 8/17/2010)
The winner for the drawing is Kerrie Mayans.
List Price: $14.95
Paperback: 192 pages
Publisher: Penguin/Alpha (September 1, 2009)
THIS BOOK IS the latest and most current how-to book on how to get the best mortgage and the lowest interest rate out there….. The book is short, around 200 pages, so there is no room for fluff or filler. It is easy to read, set up in chapters and short essays on specific topics. A how-to book on real estate written by an attorney, 20 year veteran in the mortgage industry AND a college level professor. The material is a combination of her classroom format, her every day knowledge and expertise combined with real life experiences to bring the point home. This works and you will love it!
A few interesting and favorite topics covered in 300 words or less: * What are the new guidelines for FICO scores and loan to values and how do they affect mortgage rates? * What is Rapid Rescore Response and can it really improve your credit score in 48 hours? * How to get money from your 401k without a penalty * When can a loan from my father-in-law be called a gift? * Why is now so important to show as much money in reserves as you can? * PMI v self insured. Which one is the bigger rip-off? * What will it now cost you to refinance your home and pull cash out? * Appraisal fraud and how is it affecting the value of your home * What is an appraisal contingency clause vs. a mortgage contingency clause and how can you lose your deposit if you do not know? * Points, origination fees, discount fees and broker fees. How do you avoid them all? * What really affects the mortgage rates? * Where do you find the best lawyer in town?
About the Author
Dale Robyn Siegel is a licensed attorney in New York and President of Circle Mortgage Group, in Harrison, New York. She is an adjunct professor at NYU Schack Institute of Real Estate as well as Baruch College. She is the editor for the blog “Diaries of a Mad Mortgage Broker” and has been speaking to the public and teaching real estate professionals about mortgage finance for the past ten years. She is a sought after expert on all things real estate and frequently quoted in national publications such as The New York Times, Smart Money and BusinessWeek. She is currently working on a second book, The 20 Hour S.A.F.E. Comprehensive Mortgage Loan Originator Course Textbook. This course is now required nationally for all those mortgage professionals with direct consumer contact. She is teaching the course herself in the New York Metropolitan area. Siegel holds both an MBA and a Law degree which have given her the base to be a leader in her field.