Product Description

Own your own home-regardless of your credit rating

You can be a homeowner—even if your credit is nothing to brag about or virtually non-existent. This practical, fact-filled guide shows how to achieve your goal of home ownership with your current credit. Mortgage loan officer Thomas K. Masters teaches you the basics of home buying, from alternative mortgage programs to financing tips that will help you avoid the red tape of many home loans. Clear, concise, and free of technical jargon, this accessible, straightforward reference is filled with real-life examples. Here's where you can find essential information on:

• "Qualifying ratios" set by the federal lending authorities
• Assumable financing, wraparound financing, quitclaim deeds with refinance options, lease options, and quick qualifying loans
• What to look for in a lender
• Ways to qualify for low-down and no-down payment home loans
• Understanding loan applications and forms
• How to clean up your credit profile

Product Details

• Amazon Sales Rank: #889061 in Books
• Published on: 1996-04-29
• Original language: English
• Number of items: 1
• Binding: Paperback
• 208 pages

From the Publisher
Written in plain English this practical book is designed to help readers understand the purchase process by explaining proven techniques for acquiring a house without having to apply for credit. Contains detailed coverage of assumable and wrap-around financing, quitclaim deeds with refinance options, quick qualifying loans, lease options and more. Describes numerous alternative mortgage programs, how to obtain income through home equity, how to select a lender and the ins and outs of cleaning up your credit. Includes step-by-step instructions to complete an application for a home loan.

From the Back Cover
Own your own home-regardless of your credit rating

You can be a homeowner--even if your credit is nothing to brag about or virtually non-existent. This practical, fact-filled guide shows how to achieve your goal of home ownership with your current credit. Mortgage loan officer Thomas K. Masters teaches you the basics of home buying, from alternative mortgage programs to financing tips that will help you avoid the red tape of many home loans. Clear, concise, and free of technical jargon, this accessible, straightforward reference is filled with real-life examples. Here's where you can find essential information on: "Qualifying ratios" set by the federal lending authorities Assumable financing, wraparound financing, quitclaim deeds with refinance options, lease options, and quick qualifying loans What to look for in a lender Ways to qualify for low-down and no-down payment home loans Understanding loan applications and forms How to clean up your credit profile

About the Author
THOMAS K. MASTERS is acting Senior Loan Officer with The Mortgage Center. He writes about purchasing and financing real estate for the Gannett publication Desert Sun-USA Today. Mr. Masters lives in Palm Springs, California.