Jack Guttentag
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Mortgage Professor: Tips for a lower mortgageFeb 24, 2012 11:00 pm - Millions of mortgage borrowers who can no longer afford their mortgage payments, but who could afford a lower payment, can avoid foreclosure by getting a modification of...
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Mortgage Professor: Refinance or modify while it’s still possibleFeb 17, 2012 11:00 pm - Interest rates have been very low for several years, and right now they are lower than ever, yet millions of mortgage borrowers who could profit from a refinance haven’t...
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Mortgage Professor: Balloon mortgages cause borrowers griefFeb 10, 2012 11:00 pm - A balloon mortgage is one on which the outstanding balance is due at some point before amortization has paid off the balance in full. Aside from the repayment obligation...
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Mortgage Professor: Don’t assume loan officer has your best interest in mindFeb 03, 2012 11:00 pm - Last week I discussed a new integrated calculator on my website that uses current and personalized mortgage price data to help borrowers select the type of mortgage — fi...
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Mortgage Professor: Fixed or adjustable?Jan 28, 2012 4:00 am - In many, if not most, countries, borrowers are offered one type of mortgage: Take it or leave it. Borrowers in the U.S., however, can choose from a large menu of mortgag...
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Mortgage Professor: Selecting a lender before knowing price rarely ends wellJan 20, 2012 11:00 pm - Anyone completing a course in microeconomics would find great difficulty applying what he or she learned about competition to the home mortgage market. The market meets ...
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Mortgage Professor: Eight things homebuyers should know about down paymentsJan 13, 2012 11:00 pm - Q. What is the down payment? A. The down payment is the property value less the loan amount. It is not the same as the borrower’s cash outlay if some of that outlay...
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Overwhelmed servicers, undeserving borrowers are only part of the storyJan 06, 2012 11:00 pm - Q. Who or what is responsible for the failure of the government’s mortgage modification program to make a sizable dent in the volume of foreclosures? A. Many factor...
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Mortgage Professor: Do I qualify for a mortgage?Dec 30, 2011 11:00 pm - One major difference between the housing finance system today and the system that prevailed prior to the financial crisis is in loan underwriting — the set of rules and ...
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Mortgage Professor: Eleven must-knows about early mortgage payoffDec 23, 2011 11:00 pm - Q. Will I save money if I make my regular monthly payment early? A. No, paying early merely allows the firm servicing your loan to earn interest on your money until...