Mind Your Own Mortgage: The Wise Homeowner’s Guide to Choosing, Managing, and Paying Off Your Mortgage
- ISBN13: 9781595550880
- Condition: New
- Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
This Is the Book Lenders DON’T Want You to Read. EMPOWERING HOMEOWNERS TO SHOP, MANAGE, AND ELIMINATE MORTGAGE DEBT A mortgage is simply a pile of money. So why the complexity? Because the mortgage industry makes it that way. And the industry enslaves homeowners to mortgage debt. Mind Your Own Mortgage changes the game by revealing inside information previously used against you. Now you are in charge: Shop with confidence-an exclusive, automated system helps you find th
Rating: 
(out of 48 reviews)
List Price: $ 14.99
Price: $ 7.50
{ 5 comments… read them below or add one }
Review by Aquinnah Kate for Mind Your Own Mortgage: The Wise Homeowner’s Guide to Choosing, Managing, and Paying Off Your Mortgage
Rating:
I chose Mind Your Own Mortgage by Robert J. Bernabe from my available book selection [...] where I get books for free. I enjoyed this book especially because it was so current. I enjoy reading business/financial books but so many of them go out of date very fast or unrealistic. This is a 2010 post bailout financial tool kit designed to make you think a little differently about your finances. I have always been a fan of paying off your mortgage and living below your means. This book broken into three parts: choosing, managing, and paying off your mortgage. So many people refinance or use their homes as an atm but they never really do the math and figure out what that money is costing them. You can save yourself a tremendous amount of money simply by paying more (even $75.00) more to your mortgage each month. You can spend your money or you can save it or use it to pay off mortgage debt. We are a culture so used to immediate gratification and it is costing us heavily. A strong economy is the sum of its parts and the parts are pretty weak right now – Americans are overspent and have bought into consumerism rather than ensuring that their own households are economically sustainable. I love the book The Millionaire Next Door and this is the first book I’ve read in a long time that reminds me of it. You can choose to drive a flashy car, live in a big house with a pool, gourmet kitchen, etc. and have a bunch of bills or you can live below your means and have a simpler, less flashy life, but be completely financially free. Hopefully this book will inspire more people to become savers so that they can calm down and use their lives and the gifts they have been given rather than obsess about the newest, fanciest gadget. If we have economically strong households we will have a stronger economy.
I’d recommend this book to anyone who is looking to simplify their life and wants to be financially free.
Review by Deanna Runyen for Mind Your Own Mortgage: The Wise Homeowner’s Guide to Choosing, Managing, and Paying Off Your Mortgage
Rating:
I chose the book Mind your own Mortgage by Robert J. Bernabe. This book has three sections: choosing, managing, and paying off your mortgage. Most books of this type were written years ago and dont fit into the economy today. This one does!! It breaks each section down into mini sections and talks in detail about each step. It talks you through the mortgage process. At the end of the book you feel completely confident that you can find the best mortgage for you and pay it off with little stress or strain on your other finances. This book was VERY insightful for me. I learned so much about mortgages that i didnt know before i read this book. It also helped me to see things from a different perspective and save some money on my mortgage. This is a good book for anyone with a mortgage but ecspecially the first time home buyers only because it points out what to look for and how to manage the mortgage.
I would highly recommend this book to anyone wishing to become more financially free. And anyone who wants to understand their mortgage better.
Review by Carlee Russell for Mind Your Own Mortgage: The Wise Homeowner’s Guide to Choosing, Managing, and Paying Off Your Mortgage
Rating:
Price over Payment.
Real Money saved over money saved on paper.
Long term outlook over short term gain.
The principles Robert Bernabe expouses in his timely book, Mind Your Own Mortgage: The Wise Homeowners Guide to Choosing, Managing, and Paying off your Mortgage, are simple, practical, realistic, and if followed will save consumers millions of dollars.
Most of all I appreciated his wisdom on price shopping for a mortgage. You can easily compare the actual costs of groceries, lawnmowers, and even cars if you are savy, but it is very difficult to compare mortgages because the lenders and the brokers suck you in with how much your mortgage will cost you monthly–and whether it’s a new mortgage or a refinance, spending less money each month sounds really good. But what if it is costing you tens of thousands of dollars over the long term? Bernabe offers his own worksheet and methods to allow you to easily and clearly see what the bottom line is in any mortgage offer you receive.
I highly recommend this helpful book to anyone looking to buy or refinance, but honestly it’s a good book for everyone to read. Along with Financial Peace, by Dave Ramsey, Mind Your Own Mortgage can significantly help you on the path to financial independence, and to taking control of your own finances.
Review by Emily in Texas for Mind Your Own Mortgage: The Wise Homeowner’s Guide to Choosing, Managing, and Paying Off Your Mortgage
Rating:
Pay attention to price, not payment. That is the basic premise in Mind Your Own Mortgage: The Wise HomeOwner’s Guide to Choosing, Managing, and Paying Off Your Mortgage by Robert J. Bernabe. He presents many scenarios in the book that sound a lot like this: Suppose your mortgage broker calls to encourage you to refinance and save $400 a month. Sounds like a good deal, right? He then leads the reader into some situations where saving on the monthly payment can be costly overall. Even the most uninformed reader would come away with the sense that it is important to be scrupulous in inspecting the details when obtaining a mortgage loan. There are a lot of details and numbers that might cause some readers to become glassy-eyed.
I consider myself to be somewhat savvy with personal finance, and the main ideas in the book weren’t new to me, but I learned a few things, and there was a lot of interesting(?) factual information about the mortgage industry and housing crisis. The author even mystery-shopped some smooth talking brokers whose ads he’d heard on the radio in order to identify some of their deceptive practices!
I didn’t agree with all of his ideas (specifically, the areas where his thoughts differed from Dave Ramsey!), but I agreed with the main ideas in the book. He encourages the reader to shop around for a fixed-rate mortgage by looking at rate and closing costs. He also warns that refinancing can extend the payoff date of your loan, if you just make the required payments. He encourages readers to have a plan for paying off their mortgages early by restricting discretionary spending.
Throughout the book, he directs readers to his subscription-based website, [...]. On this site, he has forms available for consumers to use to more efficiently compare loans as they talk with lenders.
I highly recommend this book for anyone obtaining a mortgage for the first time, or who isn’t sure what costs are involved when mortgaging a home.
Review by C. Williamson for Mind Your Own Mortgage: The Wise Homeowner’s Guide to Choosing, Managing, and Paying Off Your Mortgage
Rating:
Bernabe’s “Mind Your Own Mortgage” makes the case for using price when selecting a mortgage (preferably a fixed rate mortgage) and paying off said mortgage early. Bernabe begins with a short historical section describing the causes of and responses to the current financial crisis. He then moves into the negative aspects of adjustable rate mortgages (ARMs) and the results of regularly refinancing said ARMs. After making a clear and compelling case for fixed rate mortgages and his own personal system for selecting a mortgage, Bernanbe concludes by extolling the virtues of paying off one’s mortgage, primarily more disposable income and a smaller total amount of interest.
Bernabe’s case for paying off fixed rate mortgages is attractive and similar in content, if not form, to Dave Ramsey’s approach. Bernabe doesn’t approach his subject from an overtly Christian perspective (the exceptions being a couple references to God, the introduction, and the conclusion), which may give the work a broader audience. The foundation for Bernabe’s position on mortgages is both financial and relational. He, appropriately, views debt as slavery that limits one’s ability to spend and live as you wish and sees a greater workload (and hence less time with friends and family) as the inevitable result of this slavery.
I enjoyed this work and felt that Bernabe’s presentation was clear and effective. On the other hand, I felt that he was rather belabored when making the case against ARMs. In addition, he seems to focus on refinancing as opposed to acquiring a mortgage in the first place (although this is not a universal flaw) At the same time, he provides easy to use tools for selecting a mortgage with clear explanations of how to use and access these forms (through his website [...]). The text was well laid out, including helpful tables and diagrams as well as sidebars and short story digressions. I recommend this book to anyone considering acquiring a first mortgage or refinancing.
Disclosure of Material Connection: I received this book free from Thomas Nelson Publishers as part of their [...] book review bloggers program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255 : “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”
You must log in to post a comment.