Evaluating Alternative Fast-Pay Mortgages
Homeowners 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.
Volume (Year): 3 (1988)
Issue (Month): 3 ()
|Contact details of provider:|| Postal: |
Web page: http://www.aresnet.org/
|Order Information:|| Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323|
Web: http://pages.jh.edu/jrer/about/get.htm Email:
When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:3:n:3:1988:p:23-29. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (JRER Graduate Assistant/Webmaster)
If references are entirely missing, you can add them using this form.