Detail A Simulation Approach to The Choice Between Fixed and Adjustable Rate Mortgages   Oleh:  Templeton, William K. ; Main, Robert S. ; Orris, J. B. Jenis: Article from Bulletin/Magazine Dalam koleksi: FINANCIAL SERVICES REVIEW vol. 5 no. 2 (1996), page 101-118. Topik: mortgages; simulation approach; rate mortgages Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: FF18 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This study uses a simulation approach to model the choice between a fixed rate mortgage (FRM) and an adjustable rate mortgage (ARM). Our simulations help assess the risks and benefits of choosing an ARM rather than a FRM. We represent the risk of the ARM with distributions of present value cost differentials for a variety of mortgage life periods. We provide insight on the financial planning aspect by modeling the impact of mortgage rate changes on the size of payments for ARMs. The simulations yield non-intuitive results that may lead to better decision making by borrowers. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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