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

Recent Articles

Sep
21

Another Method of Encouraging Home Equity Growth: A Right to Recast

Many mortgage borrowers would be motivated to stick to an extra payments plan if they had the right to recast their payment at any time. Read Article

Sep
14

CFPB on Delaying Social Security With a HECM Reverse Mortgage

The CFPB warning against taking a HECM in order to delay taking social security is bad advice for a very substantial segment of the senior population. Read Article

Sep
07

Repaying Your Mortgage Early: Your Method Can Be Better than the Lender’s

While some lenders offer programs to facilitate extra mortgage payments, astute borrowers
can do better by using my calculator 2a to formulate a plan hand-tailored to their needs. Read Article

Aug
31

Down Payment Contributions From Private Investors: A Look at the Unison System

This article assesses the Unison program under which home buyers trade a share of future
price appreciation for down payment funds that reduce mortgage payments and eliminate mortgage insurance. Read Article

Aug
24

Affordability Versus Home Equity: An Emerging Shift in Priorities

This article explains why and how Federal housing policy must shift priority from promoting home affordability to encouraging home equity growth. Read Article

Aug
16

Shopping Effectively For a HECM Reverse Mortgage

Shopping effectively for a HECM means comparing the metric of concern to the borrower, such
as the largest possible credit line or the smallest possible future debt. Read Article

Aug
09

Should You Put Down as Little as Possible When You Buy a House?

While most home buyers with excess cash will do well to invest in a larger down payment, a few will use the excess to purchase more house. Read Article

Aug
03

Does it Make Sense to Take a HECM Reverse Mortgage on a Million Dollar Home?

Most seniors who post excess collateral on a HECM because their homes are worth more than the FHA maximum claim amount, retain the excess or pass it to their heirs. Read Article

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