Evaluating Alternative Fast-Pay Mortgages
AbstractHomeowners who are interested in building up equity faster and paying off their mortgages more quickly can get a mortgage with a short-term, a biweekly mortgage, or make additional principal payments. In this article, these alternative fast-pay mortgages are evaluated from the borrower's point of view. Given the assumptions spelled out in the text, the fifteen-year mortgage seems to be the most attractive of the fast-pay mortgages.
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Bibliographic InfoArticle provided by American Real Estate Society in its journal Journal of Real Estate Research.
Volume (Year): 3 (1988)
Issue (Month): 3 ()
Contact details of provider:
Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Web page: http://www.aresnet.org/
Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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