|
|
Article: Factors affecting borrower choice between fixed and adjustable rate mortgages.
- Article from:
- The Journal of Consumer Affairs
- Article date:
- December 22, 1992
- Author:
CopyrightCOPYRIGHT 1992 American Council on Consumer Interests. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The choice between fixed and adjustable rate mortgages can be a very confusing one for borrowers. It can also be a very costly one that could result in much financial distress if a less than optimal choice is made. Recent mortgage borrowers were surveyed to determine whether they could calculate the financial cost of mortgages and which factors influenced their choice. Insights in these areas may produce a better understanding of mortgage choice and be of use to consumer educators in helping consumers select a mortgage. Previous studies of mortgage choice (Albaum and Kaufman 1979; Brueckner and Follain 1986; Colton, Lessard, and Solomon 1979; Dhillon, Shilling, and Dirmans ...
Related newspaper, magazine, and journal articles:
|
|
Article: AmeriDream Supports Fannie Mae Report Stating Adjustable ...
PR Newswire;
December 3, 2004 ;
700+ words
... ... The Pluses and Minuses of Adjustable-Rate Mortgages," which explains that adjustable rate mortgages (ARMs) are often the chosen ... borrowers are turning towards adjustable rate mortgages (ARMs) to maintain affordability ...
|
|