Article
A simulation approach to the choice between fixed and adjustable rate mortgages
Financial Services Review
Document Type
Article
Publication Date
1-1-1996
Disciplines
Additional Publication URL
http://academyfinancial.org/financial-services-review/
Abstract
Presents a study which offers simulation approach model by which borrowers may more effectively evaluate fixed rate mortgage (FRM) and adjustable rate mortgage (ARM) choice. Identification of pricing variables as an important determinant of choice; Construction of model parameters comparing present value costs of ARM and FRM; Presentation of simulation outputs.
Rights
This article was originally published in Financial Services Review, 1996, Volume 5.
Citation Information
William K. Templeton, Robert S. Main and J. B. Orris. "A simulation approach to the choice between fixed and adjustable rate mortgages" Financial Services Review Vol. 5 (1996) Available at: http://works.bepress.com/william_templeton/3/