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Jack M. Guttentag is Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania. More

Recent Articles

Making Mortgages More Manageable (First of Two Articles on Weaknesses of the Standard Mortgage)

This article proposes that the standard mortgage be made more manageable to borrowers by mving from a minimum required monthly payment to a maximum allowable balance that would decline over time. Read Article

How Senior Homeowners Can Hedge Property Value Risk

This article describes how a senior homeowner can use a HECM reverse mortgage to hedge property value risk, retaining fixed payments in a down market and refinancing into larger payments in a bouyant market. Read Article

Mortgage Shopping at Multi-Lender Web Sites

This article describes the features of multi-lender web sites that mortgage shoppers, seeking competitive prices and guidance, should look for. Read Article

What Happens to the House That Secures a Reverse Mortgage?

This article describes the circumstances under which a HECM borrower retains his property, the circumstances under which his heirs obtain it, and the circumstances under which it goes to a third party. Read Article

Is the Annual Percentage Rate (APR) a Useful Disclosure?

This article describes important categories of mortgage borrowers for whom the APR is not a useful disclosure. Read Article

What Mistakes Do Mortgage Shoppers Make?

This article describes common mistakes that mortgage shoppers make, and how to avoid them. Read Article

Preparing For Retirement Emergencies

This article argues that a HECM reverse mortgage is the best way to prepare for some common retirement emergencies, including major home or car repairs, and outliving your savings. Read Article

If you Need a Mortgage to Buy a House, You Also Need an Appraisal

This article argues that appraisals have become a market bottleneck because of the misguided regulation that appraisals must be ordered through appraisal management companies. Read Article

"Buy One, Get One Free?" There Is No Such Thing!

This article argues that offering two items for the price of one instead of cutting the price of one in half may increase sales in the short run but will be a loser in the long run. Read Article