Tag Archives: jack guttentag

Things To Consider Before You Refinance

Don’t just lock in an interest rate savings of a point or two, make sure your closing costs are reasonable. A mortgage refinance can cost you up to $5,000. You’d need to save a lot on interest to make that … Continue reading

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Saving Lenders

I enjoy Jack Guttentag’s columns on mortgages in the Washington Post. Last week he explained why increasing capital requirements for lenders won’t reduce the risk and severity of financial crises. There are just so many ways lenders can get around … Continue reading

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Why Do Most Lenders Sell Their Mortgages?

Jack Guttentag writes: Mortgage lenders comprise two very different types of institutions. The largest number are mortgage companies, or as they prefer to be called, mortgage banks. Mortgage banks are state-chartered temporary lenders who must sell the loans they originate … Continue reading

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Mortgage Fees

From the New York Times: The problem is, many people have little idea what constitutes normal closing costs for their loans. In fact, relatively few borrowers even know the important factors that determine their mortgage interest rates. The study noted … Continue reading

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Is Your Mortgage Broker Good For You?

Jack Guttentag writes: In the last 10 years, I have written almost 50 articles on different mortgage broker topics, but none of them addressed the most basic topic of all: "What makes a good broker?" Perhaps it took 10 years … Continue reading

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How To Tell If You’ve Got A Good Mortgage Broker

Jack Guttentag says a mortgage mortgage broker will warn you against a bad refinance. He’ll have your best interests at heart because he realizes that’s the best way to have a long relationship with you. He’s not just shooting for … Continue reading

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