Jack Guttentag
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Homeownership is not for those who are unable to save moneyJul 14, 2018 6:00 am - The homeownership rate has been increasing recently following more than 10 years of decline. According to the U.S. Census Bureau, the rate peaked in the first quarter of...
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Challenges to the private retirement systemJul 07, 2018 6:00 am - The private pension system in the U.S. is in transition. The shift is from defined benefit pension plans wholly controlled by employers to defined contribution 401(k) pl...
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How refinancing can save you money on credit card debtJun 30, 2018 6:00 am - While rising interest rates have sharply reduced the number of mortgage borrowers who can refinance into a lower rate, rising home prices create opportunities for some b...
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Piggyback loans return, opening door to refinancingJun 23, 2018 6:00 am - While rising interest rates have sharply reduced the number of mortgage borrowers who can refinance into a lower rate, rising home prices create opportunities for some b...
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Refinancing in a rising-rate/rising-property-value marketJun 16, 2018 6:00 am - With interest rates no longer at rock-bottom levels, few borrowers still have an opportunity to profit by refinancing into a lower interest rate. However, the escalation...
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Allocating Your Excess Cash: Make a Larger Down Payment or Pay Points?Jun 09, 2018 7:00 am - Mortgage borrowers with enough money to make a down payment larger than the minimum must decide whether to increase the down payment or pay points. This is an investment...
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What are qualified mortgages, and what purpose do they serve?Jun 02, 2018 6:00 am - In 2013, the Dodd-Frank Wall Street Reform and Consumer Protection Act introduced the qualified mortgage concept, which was designed to eliminate the market abuses that ...
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Some questions about mortgage interest ratesMay 26, 2018 6:00 am - Q. Why have mortgage interest rates been creeping up over the last few months? A. Recent declines in unemployment to rock bottom levels and the accompanying increase in ...
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Have mortgage loan officers become more trustworthy?May 19, 2018 7:00 am - "Did the new regulations issued in the wake of the financial crisis make mortgage loan officers more trustworthy?" One regulation, issued by the Federal Reserve as part ...
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Is a homeowner better off with an FHA loan?May 12, 2018 6:00 am - Q. Assuming the same interest rate, is there any way in which a homeowner is better off having an FHA rather than a conventional mortgage? A. Having an FHA mortgage is p...