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Mortgage Refinancing
Author(s) -
GYOHANNES AREFAINE
Publication year - 1988
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.1988.tb00214.x
Subject(s) - shared appreciation mortgage , economics , collateralized mortgage obligation , mortgage underwriting , secondary mortgage market , mortgage insurance , interest rate , actuarial science , monetary economics , casualty insurance , insurance policy
A step‐by‐step procedure for evaluating mortgage refinancing is illustrated. The method is also used to show the effects of changes in marginal tax rates, opportunity discount rates, mortgage rates, and the age of the mortgage on the decision to refinance.