Jack Guttentag
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Mortgage borrowers should know how amortization worksFeb 27, 2015 11:00 pm - Recently, I have been getting a lot of mail from mortgage borrowers asking about amortization. Most are considering whether to pay down their loan balance more rapidly, ...
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Does the new CFPB rate tool help people shop for a mortgage?Feb 20, 2015 11:00 pm - The Consumer Financial Protection Bureau deplores the fact that almost half of homebuyers it recently surveyed did not shop for a mortgage but dealt with a single loan p...
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Why do some borrowers pay higher mortgage rate than others?Feb 14, 2015 12:00 am - The Consumer Financial Protection Bureau recently unveiled an Internet-based tool designed to help people shop effectively for the lowest possible mortgage interest rate...
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Interest rates differ between main home and a rentalFeb 06, 2015 11:00 pm - Q. I am downsizing by purchasing a smaller home that will be my primary residence. Because I do not have my existing house on the market, the lender I approached to fina...
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Reverse mortgage borrowers will have to prove they are not deadbeatsJan 30, 2015 11:00 pm - One of the attractive features of the HECM reverse mortgage has been that there are no income or credit requirements. All homeowners 62 and older who live in their homes...
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How can you be certain refinancing will save you money?Jan 23, 2015 11:00 pm - How can you be certain that refinancing will save you money? Introducing the Integrated Refinance Calculator. Despite the recent increase in the growth rate of the econo...
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The fixed-rate option is different with a HECM reverse mortgagesJan 16, 2015 11:00 pm - A reader caught me off guard the other day by saying she had counted 28 articles on adjustable-rate mortgages on my website, but all of them pertained to standard mortga...
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Why you shouldn't refinance on a FridayJan 09, 2015 11:00 pm - Does it matter on which day of the month your mortgage closes? In general, on a purchase transaction it doesn't matter, but it may matter on a refinance. Purchase trans...
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A reverse mortgage is a bad idea for some, a good idea for othersJan 02, 2015 11:00 pm - In my father's generation, very few people still had a mortgage to pay when they reached retirement age. Now it is common. But retired homeowners may now have an option ...
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A better way to select a mortgage loan originatorDec 26, 2014 11:00 pm - One important reason the home-loan market works so poorly is that borrowers have no reliable way to select the loan originator (LO) - the individual who takes the borrow...