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

Recent Articles

Perspectives on Down Payment Requirements

This article explains what the down payment is, where it can come from, why it is so important to lenders, and what the requirements are in today's markets. Read Article

Mortgage Concepts Home Buyers Should Know

Home purchasers sometimes get into trouble because they are not clued into the sequence of steps involved in financing their purchase. These are qualification, pre-approval, approval,lock and appraisal. Read Article

Tapping Your 401K to Buy a House Is Tempting But Risky

While the cost of meeting a down payment shortage by borrowing from a 401K is lower than the cost of mortgage insurance or a second mortgage, the risk is higher. Read Article

Purchasing a House With a HECM Reverse Mortgage

In using a HECM reverse mortgage to buy a house, the borrower should first select the combination of cash draw and mortgage insurance premium, and then the lender offering the best deal on the preferred combination. Read Article

Will We Have Another Financial Crisis? Are We Prepared For One?

We will have another financial crisis, and in its misguided attempt to eliminate “too big to fail”, Dodd/Frank removed or weakened the tools that were used to contain the last crisis. Read Article

Multiple Mortgage Prices Complicate Shopping For the Best Deal

This article explains why shopping for the best mortgage deal is done best on a multi-lender network. Read Article

Qualifying For a Mortgage

This article provides an overview of what qualification means and its relationship to loan approval and affordability. Read Article

Which HECM Reverse Mortgage Best Meets Your Needs?

This article shows how borrowers should choose the particular reverse mortgage features that work best for them, given their financial needs and preferences. Read Article

A Different Way For Homeowners to Raise Funds: the Point System

This article examines the Point system which allows a homeowner with significant equity to raise cash now in exchange for repayment plus a share of future appreciation. Read Article