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

Recent Articles

Impending Changes to the HECM Reverse Mortgage Program

Seniors who have procrastinated about getting a HECM reverse mortgage will receive less after October 2 when new rules take effect, but there is still time to get in under the wire if they move fast. Read Article

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

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

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

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

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

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

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