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Tuesday, 20 August 2019
Agent Resource Center
This Old House - Do-it-Yourself

Housing Finance 2020 By Anna DeSimone – Written by an Industry Expert for Future Homeowners…The Ultimate Guide for Homeownership in 2020

Written by Smith Publicity Posted On Tuesday, 13 August 2019 10:02

In the ever-changing industry of home finance options, nationally recognized and seasoned authority Anna DeSimone has created an incredible consumer resource guide for those seeking the American Dream—home ownership. Available in English and Spanish, Housing Finance 2020 is a comprehensive guide to the complete mortgage process, affordable mortgage programs, grants, and down payment assistance. Simply put, it’s all the information a consumer would need in one place.

Why 2020? DeSimone explains, “The year 2020 will be a demographic turning point in real estate finance. People are spending half of their income to cover housing costs, and they need to find out about all possible money-saving solutions. The affordable housing initiatives featured in the book are centered on the demographics financial capacity, culture, and lifestyle of today’s generation of homebuyers.”

Nearly one third of Americans have non-salaried income because they work on farms, ranches, are self-employed, or independent contractors. Many consumers have no credit score, or minimal history. Housing Finance 2020 explains, step-by-step, how people can gather their own supporting documentation and build a credit profile to demonstrate to the lender that they, together with any partners, have the strengths and capabilities to responsibly finance a home.

The book features a 50 state directory of grants and down payment assistance from state and local housing agencies, and what support services are available to them in their local community after they buy a home. Housing Finance 2020 also answers and provides:

• How the rules have changed for the future: What’s new in 2020? Especially in Spanish language buying markets
• A behind the curtain look at the mortgage approval process from loan application to the closing table, and tips for strengthening your chances of getting approved
• A variety of ways to cover down payment and closing costs
• Everything to know about income: What qualifies, how it’s computed, documentation needed for approval, and income situations explained
• Easy explanations of unique buying options like sweat equity, DIY renovations, and energy efficient improvements
• How to build and/or improve the credit profile
• And much more!

Anna DeSimone founded Bankers Advisory in 1986, a mortgage compliance audit and consulting firm based on Lexington, Massachusetts. She led a staff of attorneys and industry experts in the compliance audits of over one-half-million mortgages representing lenders from all regions of the country. In 2014, Clifton Larsen Allen, LLP, the nation’s 9th largest public accounting firm, acquired Bankers Advisory. Anna has authored more than 40 best practice guides and 600 articles for industry professionals on the topic of fair lending, consumer compliance, and mortgage best practices. She has authored numerous books and educational resources for the Mortgage Bankers Association of America, Ellie Mae/AllRegs, the Federal Reserve Bank of Boston, and other trade groups. Learn more at annadesimone.net.

Housing Finance 2020 and the Spanish edition Hipoteca 2020 are available via Amazon and other fine booksellers.

REVIEW COPIES OF HOUSING FINANCE 2020 AVAILABLE UPON REQUEST

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