The Mortgage Book
Most People Think Their Home Is Their Most Expensive Purchase
by
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For years homeowners have been
miss lead & miss informed. Homeowners have been taught from way back when
that the most important (Expensive) financial decision they will ever make
would be buying their home right? WRONG!
That is the miss conception!
This way of thinking costs hundreds of thousands of homeowners around the country hundreds of millions of dollars in unnecessary interest payments and closing costs.
In actuality the average homeowner will pay almost double the cost of the home itself on the mortgage. They’ll do this on the interest payments on the mortgage. So the mortgage is the most important financial decision the average homeowner will make. Not the home.
Let me give you an example, an average mortgage with a balance of $125,000 with an 8.50% interest rate at the average term of 30 years (360 months) will cost the homeowner $221,011.07 in interest alone!!
That means you will pay a total of $346,011.07 over the 30 year term!!
Now you tell me, what is the most important financial decision you will ever make. Your home or your mortgage?
Unfortunately, I have seen thousands of homeowners over the years that did not understand this concept & time & time again it has cost them. I have seen homeowners spend weeks even months shopping for the right home with the right color in the right neighborhood & not buy the home because they did not like the toilet.
I have seen these same homeowners suddenly find the right house & they feel as if they must close very quickly and wham they spent a whole hour checking up on just two mortgage companies & feel as if they have the right one.
WHAT? Are you kidding me!
They spent months looking for the right house & even did not buy one because of the toilet & then they spend only an hour looking for a mortgage company, is that what you’re telling me?
Yes, I have seen it unfortunately way too often. This is the same type of homeowner that ends up with the wrong type of company with the wrong type of mortgage that call me crying. It is the same type of homeowner that just closed on the home of their dreams with the right toilet with a mortgage of $145,000 with an interest rate of 9.50% which will cost them $293,925.89 of interest alone.
Think about it.
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About the Book
No book has ever tackled home refinance, home purchase, or mortgages like The Mortgage Book! Oliver Maldonado is an industry expert, mortgage consultant, top producer and mortgage sales trainer. His expertise generates a yearly volume of over $3 billion in new mortgage applications and over $250 million in closed loans annually. Anything you could possibly imagine on qualifying for a new home mortgage and getting the best mortgage for any situation is contained in this incredible book. You can convert this powerful mortgage book to fit your particular situation, whether to purchase a new home, qualify for a lower rate, no cost mortgage, consolidate debt, 2nd mortgage, or purchase investment properties. You will have all the information necessary to understand mortgages and qualify for the mortgage that’s right for you. You’ll learn about Junk Fees, closing costs and you’ll get rid of unnecessary fees. Negotiate lower closing costs and interest rates. Use proven templates to communicate with your creditors and get results. Learn how to talk with credit reporting agencies to remove information on your credit report. Find out what creditors don’t want you to know. You’ll have the ability to look at your credit report and repair your credit.
About the Author
Oliver Maldonado is an industry expert, mortgage consultant, top producer and mortgage sales trainer. His expertise generates a yearly volume of over $3 billion in new mortgage applications and over $250 million in closed loans annually. He’s worked with thousands of consumers and has consulted for many of the top mortgage companies in the country. Oliver Maldonado has also trained thousands of mortgage loan officers and mortgage directors throughout the country on mortgage products. He’s also developed many mortgage programs such as the lowest closing cost and interest rate guarantee where the consumer is guaranteed in writing to have the lowest closings cost and interest rate possible. He’s regarded by many as a leading expert in the mortgage industry.