The Educated Home Buyer Guide Book on How to Buy a House FREE counter and Web statistics from sitetracker.com Home Buyer Tips Discover the secrets of getting the best deal on a home and mortgage Here"s how to avoid making the mistakes that most homebuyers make ---mistakes that will cost you thousands! "Your home buyers guide is required reading, just excellent! From choosing the right real estate agent through the closing process, your information is right on the mark. You have written a concise, informative and understandable guide for the real estate consumer --- giving the reader a true buying advantage." Florence Tanner, RE/MAX Harbor Realty, Punta Gorda, Florida www.florencetanner.com Dear Home Buyer, If you"d like to Here"s why: I"ve put together over 35 pages of tips, advice and techniques designed to guarantee that you completely understand the home buying process, save money and avoid being taken advantage of ---and I know what I"m talking about, I was employed in the real estate industry for over ten years first as a real estate agent and later as a mortgage loan officer. I"m quoted as an industry expert on a number of major websites, including MSN.com (click here for a link to the article). While mortgage lenders, real estate agents and other real estate professionals are all licensed, closing costs and agreed upon sales prices are not regulated in any way---so it"s not unusual for a home buyer to: Would you know if you paid too much for a house or mortgage? Unless you completely understand how the real estate industry works, you could become one of the many homebuyers who pay too much. One study showed that borrowers who received a mortgage loan in 2000 paid $23,942,858 in unnecessary upfront fees---and that study included only borrowers in the state of Colorado! the entire study is available at: http://www.acorn.org/acorn10/predatorylending/plreports/DreamDeferredCo.pdf Don"t live in Colorado? The problem is not state specific -- the same organization that did the Colorado study estimated that borrowers who received a loan in Arizona in 2001 paid $33,382,596 in unnecessary up-front fees---it happens everywhere in the United States. Fannie Mae, the nation"s largest source of financing for home mortgages, has estimated that as many as half of all borrowers in subprime (higher than market interest rate) loans could have instead qualified for a lower cost mortgage. I"ve put together a home buyer"s guide packed with real estate industry inside information that will prepare you to buy a home with confidence---and avoid becoming part of a statistic like the ones you just read about. Now, I know you"re probably skeptical. That"s normal and healthy. Let me give you three good reasons you need to read my guide if you are buying a home: Reason #1. This is Information You Can"t Find Anywhere Else There are dozens, maybe even hundreds of home buyer guides available today. But try and find one that tells you how to negotiate with a lender---you can"t because many of these other home buyer guides are written and distributed by lenders! They don"t want you to really understand their business....if you do, they can"t get away with overcharging you. Relying on a homebuyer guide written by a mortgage lender or real estate agent for all of your information would be like stopping at a car dealer and expecting to find a booklet that tells you how to negotiate the best deal on a car purchase! My husband and I recently went to contract on a new construction home. There are many reasons I wish I found your site earlier in the game, but we have benefited even at this point. We had to use their lender to get some substantial incentives, however, I had no idea what fees & charges were negotiable and what weren"t. After reading your guide, I was able to get our closing costs lowered $350.00! This is information that *just isn"t out there* in the general domain. L. Collins, Aurora, Colorado Reason #2. I Worked in the Real Estate Industry for Over Ten Years and Witnessed All of the Tricks & Scams Firsthand Reason #3. Overcharging and Unfair Dealing Has Become a Major Problem in the Real Estate Industry Today and If You Don"t Completely Understand the Home Buying Process, You Could Be Taken Advantage Of Just listen to what a leading Federal Trade Commission Official had to say in a Senate Hearing: As a result of unfair and deceptive practices, and other Federal Law violations by certain lenders, vulnerable borrowers ...... are facing the possibility of paying significant and unnecessary fees....Jodie Bernstein, Director of the Bureau of Consumer Protection of the Federal Trade Commission, March 1998 U.S. Senate Special Committee Hearing And the problem doesn"t stop with mortgage overcharging--- The problem of property flipping--- where uninformed and unsuspecting borrowers pay substantially more than a property is worth because they rely on the seller or a broker for home buying guidance-- is so widespread that some cities have passed laws in an attempt to stop the practice. The city of Dayton, Ohio’s law, for example, bans loans that “over appraise the value of the property.” Great in theory, but do they really have the resources to enforce this in practice? Will the city prosecutors all become real estate appraisers? You need real estate knowledge to protect yourself---don"t expect anyone else to look out for you....especially if they are benefiting in some way from your house sale transaction. Your First Name: Your E-Mail Address: The Month You Expect to Buy a House: -- select month -- February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 sometime in 2005 Here is a Summary of the Benefits you Receive from my Home Buyer"s Guide and How it Will Help You Avoid Being Taken Advantage Of My guide shows you how to determine the market value of any property without relying on your real estate agent or anyone else for help. You"ll know exactly what price to offer on any home. Eliminate any fear you have of overpaying for a home. Know when the property is actually being offered at a below market price---and not just being advertised that way. The guide includes a script to use when you are loan shopping. Many mortgage shoppers believe that the more lenders they call, the better deal they"ll find. Unless you know how to speak with a loan officer, you can call hundreds of lenders and still not find the lowest rate available. Save 1/8% or more on the originally quoted interest rate by understanding how to deal with a loan officer--thousands over the life of your loan (1/8% on a $100,000 loan = $3070 savings) I explain how a lender qualifies a borrower. You enjoy the comfort of knowing that you qualify for a loan and won"t be taken advantage of by being placed in a high interest loan product. The steps to take before you buy a home can make the difference between getting and not getting your dream home What questions to ask a home inspector - before you hire him Also be aware of a hidden motivation your home inspector might have that could skew the results of the report he provides you All closing costs that you are likely to encounter are defined and a $ value range is provided for each closing cost A very common title company and lender trick is to slip $50, $100 or $200 onto one or more costs to boost their profit. Know how to recognize this. I list the 5 things that can make a property"s value drop like a rock. Do you know which homes on your real estate agent"s list you shouldn"t even bother looking at and why? You won"t purchase a home that you can"t resell in the future. Chapter 2 reveals the 3 different types of lenders. You"ll understand which type of lender will be able to serve you best based on your situation. I show you what to look for at closing. You will avoid becoming the victim of a "bait and switch" lender or unscrupulous seller. I explain how a lender makes a profit on a loan. You need to understand this before you can negotiate the best loan deal. Now, you"re probably wondering how I can provide all of this information. Let me explain. I concentrated on things you don"t find in the typical "How to buy a house" books; things like how to save $3070 or more on your mortgage and The Educated Home Buyer was the result of all my work -- over 35 pages of industry insider information that you won"t find anywhere else. And because it"s an e-book that"s delivered to you automatically, I can offer you this valuable information myself at a reasonable price --and I don"t have to deal with editors or publishers who would probably force me to take out some of the content because they"re afraid of offending another industry (like the mortgage lending industry for example). Don"t take my word for it. Listen to what my customers say. I too would like to thank you for the information you provided. It gave me the ammunition and the courage to confront my lender about the "junk fees" included in my good faith estimate and the result is that I have saved approximately $1900.00 on my closing costs. Sharon, Queens, New York "I purchased your e-book just before I met with the mortgage company for refinancing. I saved $380 on closing costs due to your advice on what costs should be negotiable. I will be saving the book to give to my son and daughter-in-law who will soon be buying a home. Thank you!" P Gamin Leslie, MI I just wanted to tell you what fantastic information you have been sending me. I attended a homebuyer education class, but this far outweighs the information I received for an 8 hour class! thanks again and keep up the great work! A Barnard Thank You Sir for your help and information, We have found out our credit score and we at present have two lenders looking for us, also we are just waiting for the evaluation of the house. A mortgage company from OH has mention the figure of 80 % of value so we are on the road and thanks to you we know more of the right questions to ask. Thank You Again Larry & Barbara Gullett, Ohio Thank you for your help.. ... I do wish that I had come across your site before I bought my current home - we would have saved a lot! S. Diaz I recently purchased The Educated Home Buyer guide. I only wish I would have came across it about 2 weeks earlier! It had so much information and it was detailed and easy to understand! H. Holmes, Connecticut Warning: Do NOT buy a house until you understand all of these concepts: One: you have to know how to negotiate with a lender. Most loan officers work on commission and the more they get you to pay in interest and closing costs - the more money they make. It"s possible for the loan officer to make more in commission than the real estate agents. Two: you must understand what each closing cost covers and what a reasonable $$ amount is for each cost. Not all overcharges by lenders and title companies are massive amounts of money - many borrowers are overcharged by only a few hundred dollars. But are you willing to pay one of these companies even $50 more for a service than is fair? Four: you have to be aware of the hidden motivation your home inspector might have--motivation that will influence the results of your report. Why you shouldn"t even consider using the home inspector recommended by your real estate agent. Five: you must know exactly how a lender qualifies you for a mortgage loan. If you don"t, you could end up with a higher interest rate than you deserve - or even have your loan application denied when it shouldn"t have been. The Educated Home Buyer Guide teaches you all of these things and more----over 35 pages of information you can"t find anywhere else! You get at least 10 times your money"s worth! Many people have emailed me to say that they"ve saved $300, $400 or more on their closing costs based on the information I provided----and by knowing how to determine the value of any home, you could potentially save yourself from overpaying thousands for a house! You can download and start using my guide immediately - and if you order today, you"ll receive over $175 worth of FREE bonuses. Since I know it"s 100% to your benefit to download and start using my guide today, I want to sweeten the pot and give you every possible reason to say order right now! If you respond immediately, you"ll also receive the following 4 FREE BONUSES: Free bonus #2: Order Today and you"ll also receive all the information and forms you need to take advantage of the Jeremiah Program. The Jeremiah Program is a privately funded down payment assistance program whose purpose is to provide homebuyers with a monetary gift which doesn"t have to be repaid---and you don"t necessarily have to be a first time buyer to take advantage of this program! Free bonus #3: MY PERSONAL EMAIL ADDRESS. Email me with your home buying questions at any time throughout the process. One online mortgage consultant currently charges $97 an hour to answer your questions- you can ask me as many questions as you want as a FREE bonus! Free bonus #4: You"ll be placed on my personal email list ----and receive even more home buyer tips as I discover them from my industry contacts and research. Online information subscriptions can cost $49, $79, even $100 or more per year----this one comes FREE with your home buyer"s guide. In summary, here"s what you get: You"ll immediately receive instructions on how to download my 35+ page home buyer"s guide packed with industry insider information that is 100% guaranteed to save you money on your next home purchase You"ll receive information and guidelines on the Jeremiah Down Payment Assistance Program "House Construction Design Standards" (a $19.95 value) FREE access to ask me any home buying questions you have (compare to $97/hour for advice) Follow up information by email as it becomes available (at least a $69 value) The Bottom Line: If you act now, You"re getting more than $200* worth of information and advice for just $19.95 *$19.95 for my guide+$19.95 for "House Construction Design Standards"+$97 for mortgage consulting+$69 for online information subscriptions = $205.90 AND You can"t lose with my 100%, ironclad, money back guarantee Even though you"re getting a tremendous value -- I"m so confident that you"ll be as satisfied as all my other customers are with the guide and the bonuses that I"m willing to include a no questions asked, no time limit, 100% money back guarantee. Here"s how it works. Order my guide today -- If you use just one of the techniques or pieces of information and don"t feel that you"ve saved yourself at least $100 (that"s over 5x the purchase price) -- I"ll refund your money, no questions asked. And this is a lifetime guarantee -- return the guide one day, one year or ten years after you purchased it if it doesn"t save you money. What I"m saying is, don"t decide now if the guide is for you. The only sure way to decide is to get it and try it out. If it doesn"t provide all of the information you need, So you have nothing to lose and thousands to save on your home purchase! But don"t delay - I had to make special arrangements to offer "Home Construction Design Standards" and the down payment assistance program details as bonuses - and my right to offer these items as Free bonuses could be cancelled at any time by the other authors. There"s also a limit to the number of emails I can answer - so at some point I"ll reach my limit in terms of the number of emails that I can reasonably answer and will have to cancel this bonus---- you might not get direct access to ask me any of your home buying questions if you wait past today to order..... Make your payment using any major credit card You"ll immediately be taken to a page where you can download your home buyer"s guide--your bonuses will arrive via follow up emails Download your guide and view or print it within minutes of your order (it"s an Adobe file, most PCs come with Adobe Acrobat Reader, if yours didn"t click here to get Adobe Reader for Free) Click Here for Secure Credit Card Payment thru ClickBank Good luck in your new home, Don Petrasek Loan Calculator Building a Home Closing Costs Click Here to Learn More