Show Me The Money ! ( or at least how it works )
So much has been written lately about the state of the Mortgage business, and the effect it will have on the Utah housing Market, that I was amazed to find that a lot of folks don't understand a lot of what is being said. Folks need a place to go to to look up terms, understand concepts, and learn more about the world of finance.
I thought I would provide the perfect resource: information that would be of value now, ( if you're thinking of buying a home in the Salt Lake Valley ), or down the road if you have just started to gather ideas and examine options. Maybe it's neither, maybe you just like to " know stuff " . I'm like that.
I thought we both needed a source we could count on to go to without needing to meet someone face to face or even talk to on the phone. I've found it and will put it on my website as soon as I get time, but in the meantime I'm hooking you up so that if you need it you got it.
That source is called the "Mortgage Professors Web Site" . "The Mortgage Professor" is academic, author, and sydicated columnist Jack M. Guttentag, Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania.
The " Mortgage Professor " site is current, ( last revised May, 2007 ) and complete. The table of contents features page after page of information with headings like Homebuyers, Homeowners,Tutorials, Recent Columns, questions and comments, and mistakes to avoid.
The Glossary covers Mortgages from A to Y ( a- Credit to Yield Curve ) and everything you could possibly want to know in between.
This is a great resource, easy to use, and fun to navigate. Click on" Mortgage Professor," and enjoy.
Let me hear what you think