Jack Guttentag
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Choosing the best type of mortgageSep 05, 2015 12:00 am - Mortgage borrowers having to choose between the different types of mortgages face a puzzle, which may be particularly perplexing today. Interest rates remain low by hist...
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Are HECM reverse mortgages over-priced?Aug 29, 2015 12:00 am - HECM reverse mortgages are reputed to carry high upfront fees, which raises two questions addressed here. First, are seniors getting real value in exchange for the high ...
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Equity credit lines are given somewhat differently todayAug 22, 2015 12:00 am - Q. Recently you pointed out a slew of problems now faced by borrowers who took out a Home Equity Line of Credit before the financial crisis. Their timing was terrible, b...
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The tontine: a 17th century solution to a 20th century problemAug 01, 2015 1:00 am - The tontine is an investment scheme where each of a group of participants pays a specified sum into a fund and receives a pro rata share of the income generated by the f...
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A new approach to reverse mortgages that protects seniorsJul 25, 2015 1:00 am - Markets don't work well when one party in a transaction knows much more than the other, and nowhere is the knowledge gap wider than in HECM reverse mortgages. Borrowers ...
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What happens when the lender miscalculates the payment?Jul 18, 2015 12:00 am - With millions of mortgage loans originated every year, it is not surprising that now and then lenders make a mistake in calculating the monthly mortgage payment. On a f...
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Website features homebuyers need for accurate rateJul 11, 2015 12:00 am - Homebuyers who need a mortgage are less likely to use the Internet to find one than existing owners looking to refinance, yet the benefits of online shopping are just as...
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How to pay off your mortgage faster without being scammedJul 04, 2015 12:00 am - The 30-year fixed-rate mortgage is a great instrument that has made homeownership possible for millions of people, but none of them like the idea of being in debt for 30...
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Protecting borrowers in dysfunctional markets a major challengeJun 27, 2015 1:00 am - Dodd/Frank established the Consumer Financial Protection Bureau after the financial crisis to protect consumers in financial markets, but it does not tell the agency how...
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Pre-crisis HELOC chickens are coming home to roostJun 21, 2015 11:00 pm - Q. Ten years ago we purchased a house for $310,000 which we financed with a first mortgage for $255,000 at 3.75 percent, and a HELOC for $65,000 at 3.5 percent. The HELO...