Using a Troubling Innovation in Real Estate Finance to Teach Loan Amortization Mechanics

This paper describes an innovation in mortgage finance that may reduce the benefits of making extra mortgage payments. Specifically, some loan servicers may not be using such payments to immediately reduce loan principal. Examples are provided to show that, ceteris paribus, this procedure can result...

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Bibliographische Detailangaben

Veröffentlicht in:	Journal of real estate practice and education 2012-01, Vol.15 (1), p.33-42
1. Verfasser:	Larsen, James E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Amortization Deferred expenses Interest rates Lenders Loan payments Loan rates Loans Mortgage loans Mortgages Payments Real estate financing Real estate taxes Studies Tax payments
Online-Zugang:	Volltext
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