Jack Guttentag
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When does it make sense for a house purchaser to pay all cash?Jan 07, 2017 5:00 am - Maria aims to purchase a house for $200,000. Because she has financial assets of $300,000, one of her options is to buy the house for all cash. Alternatively, she can ob...
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Foreclosures on reverse mortgages are not what you thinkJan 01, 2017 10:00 pm - The headline on Bloomberg News as reported by National Mortgage News caught my eye. It read "Mnuchin's Reverse Mortgage Woes Blemish Record of Treasury Pick." As I read ...
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Two ways to improve our standard mortgage systemDec 10, 2016 5:00 am - Editor's note: This is the first column in a two-part series that will conclude next week in HomesSaturday. The standard mortgage in the U.S. has two major weaknesses. B...
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Reverse mortgages help seniors hedge property value riskDec 03, 2016 5:00 am - Part of the motivation to be a homeowner is the opportunity to accumulate growing equity in a home. Equity growth, however, is heavily influenced by market changes over ...
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There's more than one way to pay back a reverse mortgageNov 05, 2016 6:00 am - What happens to the house after the owners secure a reverse mortgage? My answer to this question applies to the Home Equity Conversion Mortgage program (HECM) for senior...
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Is the annual percentage rate a useful disclosure?Oct 29, 2016 6:00 am - While the Consumer Financial Protection Bureau changed the mortgage disclosure rules substantially last year, it did not change the annual percentage rate disclosure req...
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What common mistakes do mortgage shoppers make?Oct 22, 2016 6:00 am - A mortgage shopper assumes responsibility for determining the type of mortgage that best meets his or her needs, and finding the loan provider offering the best (or clos...
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How to prepare for retirement emergenciesOct 15, 2016 6:00 am - In a recent article in US News and World Report, Emily Brandon discussed three common emergencies that the elderly often encounter and how to prepare for them. However, ...
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If you need a mortgage, you also need an appraisalOct 08, 2016 6:00 am - Q. I used your site to connect with one of your certified loan providers. While I provided all the documentation they asked for in a timely manner, the lender did not cl...
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Buy one, get one free? There is no such thing!Oct 01, 2016 5:00 am - The food market closest to my home went out of business recently, and was replaced by a supermarket chain. In most respects, the new store is an improvement over the one...