[PDF] The Mortgage Encyclopedia: The Authoritative Guide to Mortgage Programs, Practices, Prices and Pitfalls, Second Edition Free Download

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The bestselling one-stop guide to mortgages―updated for the post–housing crisis market!

The Mortgage Encyclopedia demystifies all the various mortgage terms, features, and options by offering clear, precise explanations.

Fully updated to address the new realities introduced by the housing crisis of 2007, The Mortgage Encyclopedia provides not just a complete description, but also in-depth discussion of the issues that may affect you, whether you’re a homeowner (or homeowner-to-be), real estate agent, loan provider, or attorney. With this handy, comprehensive guide on hand, you have instant access to:

  • Definitions and explanations of common mortgage-related terms, as well as arcane mortgage terminology, listed alphabetically
  • Expert advice on the most pressing issues, such as whether to use a mortgage brokers, the benefits of paying points versus a larger down payment, and the hazards of cosigning a loan
  • The truth about common mortgage myths and misperceptions―and the pitfalls you need to avoid
  • Helpful tables on affordability, interest cost of fixed-rate versus adjustable rate mortgages, and much more

So the next time you ask yourself such questions as “Is this FHA loan right for me?” or “Can I negotiate this fee?” reach for this indispensable guide and get the fast, accurate information you need!

 

Table of contents :

The Mortgage Encyclopedia……Page 2
Topics……Page 4
Preface to the Second Edition……Page 10
Acknowledgments……Page 14
Adjustable-Rate Mortgage (ARM)……Page 16
Affordability……Page 26
Alt-A……Page 29
Amortization……Page 30
Annual Percentage Rate (APR)……Page 33
Appraisal Management Company (AMC)……Page 37
Assumable Mortgage……Page 38
Automated Underwriting System……Page 42
Bailout……Page 43
Balloon Mortgage……Page 44
Biweekly Mortgage……Page 45
Bridge Financing……Page 47
Cash-Out Refinance……Page 49
Closing Date……Page 51
Coborrowers……Page 52
Conforming Mortgage……Page 55
Construction Financing……Page 56
Correspondent Lender……Page 58
Cosigning……Page 59
Cost of Savings Index (COSI)……Page 61
Credit Score……Page 62
Danish Mortgage System……Page 66
Debtaholic……Page 69
Debt Consolidation……Page 70
Debt Elimination……Page 71
Demand Clause……Page 72
Desecuritization……Page 73
Discount Mortgage Broker……Page 74
Discriminatory Mortgage Pricing……Page 75
Documentation Requirements……Page 77
Doubling Down on Mortgage Payments……Page 80
Down Payment……Page 81
Due-on-Sale Clause……Page 87
Escrow Abuse……Page 88
Escrow Account……Page 89
FHA Mortgage……Page 91
Fixed-Rate Mortgage (FRM)……Page 95
Forbearance Agreement……Page 97
Generic Prices……Page 98
Good Fairy Syndrome……Page 99
Graduated Payment Mortgage (GPM)……Page 101
Home-Account……Page 103
Homebuyer Protection Plan……Page 104
Home Equity Line of Credit (HELOC)……Page 105
Homeowners Insurance……Page 108
Homeownership Accelerator (HOA)……Page 110
Home Valuation Code of Conduct (HVCC)……Page 112
Housing Bank……Page 113
Housing Bubble……Page 115
Housing Investment……Page 117
HUD-1 Form……Page 119
Interest Accrual Period……Page 120
Interest Cost (IC)……Page 121
Interest-Only Mortgage (Option)……Page 122
Interest Rate……Page 126
Interest Rate Ceiling……Page 127
Investor……Page 128
Lead-Generation Site……Page 129
Lease-to-Own……Page 132
Lender-Pay Mortgage Insurance (LPMI)……Page 134
Loan Amount……Page 135
Loan-to-Value Ratio (LTV)……Page 136
Locking……Page 137
Lock Expiration……Page 144
Lock Failure……Page 145
Lock Period……Page 146
Mandatory Disclosure……Page 147
Manufactured Home……Page 148
Maximum Combined Loan-to-Value Ratio (CLTV)……Page 151
Minimum Down Payment……Page 152
Mortgage-Backed Security (MBS)……Page 153
Mortgage Broker……Page 154
Mortgage Company……Page 159
Mortgage Equations……Page 160
Mortgage Insurance Premium……Page 161
Mortgage Leads……Page 162
Mortgage Lender……Page 165
Mortgage Modification……Page 166
Mortgage Price……Page 169
Mortgage Price Quotes……Page 170
Mortgage Program……Page 172
Mortgage Referrals……Page 173
Mortgage Scams and Tricks……Page 174
Mortgage Shopping……Page 185
Mortgage Spam……Page 193
Mortgage Suitability……Page 194
Negative Amortization……Page 197
Negative Equity……Page 198
Net Jumping……Page 199
Nichification……Page 200
No-Cost Mortgage……Page 203
NOHOs……Page 204
Nonpermanent Resident Alien……Page 206
No-Surprise ARM……Page 207
Option ARM……Page 208
Overage……Page 211
Partial Prepayments (or Paying Off Early)……Page 212
Pay-Down Magic……Page 219
Payment Power……Page 220
Payment Problems……Page 221
Payment Shock……Page 224
Piggyback Mortgage……Page 225
Points……Page 226
Portable Mortgage……Page 230
Preapproval……Page 231
Predatory Lending……Page 232
Prepayment Penalty……Page 236
Pricing Notch Point (PNP)……Page 239
Private Mortgage Insurance (PMI)……Page 241
Qualification……Page 247
Rate-Point Options……Page 253
Rate Sheets……Page 254
Referral Fees……Page 255
Referral Site……Page 258
Refinance……Page 259
RESPA……Page 270
Reverse Mortgage……Page 272
Right of Rescission……Page 285
Scenario Analysis of ARMs……Page 288
Scheduled Mortgage Payment……Page 290
Second Mortgage……Page 291
Secondary Mortgage Markets……Page 296
Seller Financing……Page 302
Servicing……Page 303
Servicing Transfer……Page 308
Settlement Costs……Page 309
Silent Second……Page 313
Single-Lender Web Site……Page 314
Streamlined Refinancing……Page 315
Subprime Borrower……Page 316
Subprime Lender……Page 318
Subprime Market……Page 319
Tangible Net Benefit Rule……Page 324
Tax Deductibility (of Interest and Points)……Page 326
Teaser Rate……Page 327
Temporary Buy-Down……Page 328
Temporary Lender……Page 329
Term……Page 330
Time Horizon Cost (THC)……Page 333
Title Insurance……Page 334
Total Annual Loan Cost (TALC)……Page 337
Truth in Lending (TIL)……Page 338
Upfront Mortgage Broker (UMB)……Page 342
Upfront Mortgage Lender (UML)……Page 343
VA Mortgage……Page 346
Warrantable Condo……Page 347
Wholesale Mortgage Prices……Page 348
Worst-Case Scenario……Page 349
Yield Curve……Page 350
Zillow Mortgage……Page 351
About the Author……Page 353

Product information

Publisher‏:‎McGraw-Hill Education; 2nd edition (May 28, 2010)
Language‏:‎English
Paperback‏:‎352 pages
ISBN-10‏:‎0071739580
ISBN-13‏:‎978-0071739580
Item Weight‏:‎1.05 pounds
Dimensions‏:‎6 x 0.7 x 8.9 inches
0071739580

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