Jack Guttentag
-
This time a closer look at HOADec 15, 2007 10:00 pm - Two years ago I wrote a fairly critical piece about CMG Financial's Home Ownership Accelerator (HOA) loan program that did not do it justice. HOA is fairly complicated a...
-
Navigating wholesale loan costsDec 01, 2007 10:00 pm - First of two parts Wholesale mortgage prices are those quoted by wholesale lenders to their clients -- mortgage brokers and smaller ("correspondent") lenders. (I wi...
-
Options, alternative to foreclosureNov 24, 2007 10:00 pm - Second of two parts The first article in this series pointed out that when a mortgage borrower is unable to make the required payments, the servicing age...
-
Request a modification to save house, creditNov 17, 2007 10:00 pm - First of two parts A loan modification is a change in the loan contract agreed to by the lender and the borrower. The modifications of major concern toda...
-
Cash-out vs. refi: Choose cheapest for youNov 10, 2007 10:00 pm - Q. My house is worth $400,000. The balance of my 5.5 percent first mortgage is $270,000, and I need $50,000 to pay off debts and make some improvements. I spoke to t...
-
Mathematical reason behind mortgage paymentNov 03, 2007 11:00 pm - The one thing that virtually all borrowers know about their mortgages is the amount of the initial scheduled payment. This is the amount they are obliged to pay each per...
-
Rating service, customer satisfactionOct 27, 2007 11:00 pm - I recently returned from a boat tour in Indonesia, and was impressed with the quality of the service provided by the tour company. The employees go out of their way to m...
-
Differentiating among 'no-cost mortgages'Oct 20, 2007 11:00 pm - In a recent article, I examined Bank of America's new no-fee program for house purchasers, under which lender and third-party fees are absorbed by the bank. On a fixed-r...
-
Spreadsheet breaks down how to invest in child's first homeOct 13, 2007 11:00 pm - Gifts of equity within the family are common. Parents often provide the down payment on their child's first home purchase. Many parents, however, can't afford a sizeable...
-
How interest rates affect your adjustable mortgageOct 06, 2007 11:00 pm - In recent weeks, my mailbox has overflowed with messages of distress from borrowers faced with an imminent rate adjustment on their adjustable-rate mortgages (ARMs). Mos...