Jack Guttentag
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Financing closing costs may be a bad ideaDec 27, 2008 10:00 pm - Many mortgage borrowers are tempted to finance their closing costs, that is, adding the costs to the loan amount. This could be attractive to borrowers who can earn high...
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Some borrowers have no choice other than hard-money lendersDec 19, 2008 10:00 pm - Like all disasters, the financial crisis has its share of beneficiaries who profit from it. One of them is the hard-money lenders, who lend strictly on the basis of the ...
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Online mortgage loan sites should be used with careDec 12, 2008 10:00 pm - My first impression of Mortgage Marvel, or MM, was that it was a multi-lender shopping site, which would make it the fourth new one I have reviewed in 2008; the others a...
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Loan modifications are elusive in today's marketDec 06, 2008 10:00 pm - Q. I have been giving my clients an article you wrote about a year ago advising borrowers having payment problems how to request a modification in their loan contrac...
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Why homeowners who needn't worry are running scaredNov 28, 2008 10:00 pm - The mortgage world has become frightening to many people who have no real reason to be frightened. Their mortgages are in good standing, and they are not having any trou...
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New title insurer offers steep discountsNov 22, 2008 10:00 pm - In the midst of the worst financial crisis since the 1930s, one that originated in and owes its severity to developments in the home mortgage market, it is nice to be ab...
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Why some distressed borrowers get more help than othersNov 07, 2008 10:00 pm - Q. Is it true that mortgage servicers will not help borrowers in trouble until they stop making their payments? I am a home retention counselor and I keep hearing from p...
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Balloon loans, lease-options are riskier in today's marketOct 31, 2008 11:00 pm - The home mortgage market is devilishly difficult to navigate in normal times. During a period in which home prices are declining, the difficulties are compounded. Proble...
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Don't be too quick to cosign mortgageOct 25, 2008 11:00 pm - The economic distress of the last year has battered the credit scores of many potential borrowers, while causing lenders to increase the scores they are willing to accep...
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When shopping for mortgage, know how to bargainOct 17, 2008 11:00 pm - A consumer negotiating the terms of a mortgage with a lender or mortgage broker (henceforth "loan provider") is in what economists term a "bilateral bargaining process."...