Housing Tenure and Mortgage Choice

This paper examines the relationship between housing tenure and mortgage contract. We present a model showing that, given expected mobility, borrowers will have incentive to self-select into the appropriate mortgage product such that their fixed-rate period is directly related to their probability o...

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Veröffentlicht in:	The journal of real estate finance and economics 2011-02, Vol.42 (2), p.162-180
Hauptverfasser:	Fortowsky, Elaine, LaCour-Little, Michael, Rosenblatt, Eric, Yao, Vincent
Format:	Artikel
Sprache:	eng
Schlagworte:	Adjustable rate mortgages Analysis ARM Contracts Cost control Discounts Economics Economics and Finance Financial Services Fixed rates Foreclosure Geographic mobility Households Housing Housing tenure Interest rates Land tenure Lines of credit Loans Mortgage loans Mortgage markets Mortgages Predatory lending Product reviews Real estate Real estate market Regional/Spatial Science Studies Subprime lending
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