Know Your Mortgage Limitations
Don't trust others to tell you how much you can afford to spend on a mortgage or a home. Judge this for yourself using my easy to follow step by step mortgage workbook, complete with payment charts. It is everything that you need to know.
What You Probably Don't Know:
Loan modifications are a miserable failure and you could be hurt financially if you even apply. Did you know that they (the banks under the direction of our government) are "fact finding" and gathering up all of your financial information to share with other governing bodies, including the treasury department?
Selling your home with a short sale could have the banks following you for the next 20 years to recover the deficiency balance on your loan. Also, did you know that the amount of loan forgiven in a short sale can be taxable income? You could end up owing the government thousands of dollars while you lose money on the sale of your home.
Credit Card rules.
Thousands of Americans are seeing their credit scores tumble when they have never missed a payment and the banks are behind it. The new rules for credit card users will still benefit the banks and we are left paying outlandish rates and fees. Aren't they using our money at little cost while we are paying through the nose? Is it time to get some usuary laws to protect us from our own banks?
Have You Been Turned Down for Financing?
The industry has gone from loaning to everyone to almost loaning to no-one. Credit worthy people are being denied financing for new homes and refinancing of existing loans based on underwriting criteria that is too rigid and not logic based. Are you even approvable and what do you need to do to get there?
How Many 'Special Interests' Can We Afford?
Congress passed a bill that is denying loans to many credit worthy Americans. They are passing too many laws that are restricting the borrowing rights of qualified individuals while still encouraging lending to the least credit worthy. Some reverse discrimination going on?
It's a powerful must-read for all people...
The book and workbook are very useful and
easy-to-use for people who may want to buy a home or
refinance an existing mortgage.
It's obvious that the author knows her stuff!
And it's gratifying that she's willing to share her
expertise and sage advice.
I'll make sure my kids read it before they buy their first homes.
CEO Portfolio Services for Government
Former - Chief Financial Officer, City of Gresham
Former - Vice President, US Bank
IF YOU ARE:
Thinking of buying a new home
Getting ready to refinance your existing home
Wanting to protect your equity
Then Mary Tootikian's "Stunned in America" Will:
- Educate you on everything you need to understand about your home mortgage.
- Save you money by exposing the hidden costs and explaining how interest rates are calculated.
- Explain the underwriting methods used by banks, including credit scoring and much more.
- Share her 30 years of knowledge in one easy to read book that you can't afford to be without.
- Take the workbook challenge and see if you are in over your head.
"The BIG banks are not your friends — they may have become your greatest enemy!"
Tootikian gets the crisis - and the solution
I read lots of articles about our financial and real estate crisis.
Mary Tootikian has gathered up all the
relevant information, and presented it with the
fierce heart of an expert who cares, who knows the
impact on human life, and who wants
better for the everyday homeowner. If
you want more than despair in your outlook, then
read this book for possibilities and hopefullness.
Author: One Wheel - Many Spokes
We have been tasered by the Barons of Wall Street and their subprime mortgages and we are stunned. They have destroyed our standard of living while they continue to profit off our ignorance. Our elected officials are making house-crushing decisions that are destroying our chances for a full economic recovery. We must learn a better way to make out homes affordable and our leaders accountable.
Discover what the media is not telling you: