This is the eBook version of the printed book. If the print book includes a CD-ROM, this content is not included within the eBook version.

Read the following excerpt from Homebuyers Beware: Who-s Ripping You Off Now?–What You Must Know About the New Rules of Mortgage and Credit, Introduction.

The loan shark who bragged about making $40,000 in commissions off of one homeowner contacted me again. Last time we met, we enjoyed filet mignon at an upscale restaurant, Daniel-s Broiler, overlooking Lake Washington, and he divulged to me his secret for overpricing loans, which I revealed to the world in Mortgage Rip-Offs and Money Savers. What would he have to say to me now? I wondered if he-d be angry.

I couldn-t help but shudder at the sound of his voice over the phone, and yet, I couldn-t resist the invitation to meet with him again. I just had to know how his -story- ended. Had he reached his goal of retiring rich while still a young man?

He suggested we get together at Starbucks, quite a step down from the elegant steak house we dined at before, but I didn-t care. For me, it was all about the insider information.

So with a tall skinny DoubleShot in hand, I settled comfortably into a mocha-hued leather chair to hear what Mr. Big Commissions had to say. He wasted no time getting right to the point.

-What if I could show you how people can pay off their 30-year mortgage in seven to ten years without refinancing and without changing their current lifestyle-would you be interested?- he asked. To continue reading, purchase and download now.

The entire world of mortgages and credit has turned upside down. Everything people think they know has changed and relying on a book published before 2009 could be a very expensive mistake. In Homebuyers Beware, Carolyn Warren reveals the new realities and shows how to take advantage of them, whether you’re buying your first home, refinancing, struggling with imperfect credit, or planning to invest in real estate. Warren reveals secrets home buyers can’t afford to miss, and exposes the newest scammers taking advantage of today’s desperate consumers. Unlike older guides, this book fully reflects today’s radically new and different mortgage requirements, as well as the latest federal legislation, including the Housing Bill of October 2008 and the brand-new FACT credit reporting rules. Discover:

• Fast, effective ways to raise your credit score and lower your mortgage costs
• How to get a wholesale interest rate
• How to apply for new insured government loans, even if you’ve had a bankruptcy or foreclosure
• How to avoid new loans that look good on paper, but are just as horrible as yesterday’s subprime mortgages
• Who’s ripping you off now: high-tech “smoke and mirrors” that can trick you into overpaying
• When to buy, when to wait, when to lock in, when to float
• Negotiation tactics that can reduce your costs for years to come

---