{"title":"点上的指针","authors":"A. Kalotay, Jinghua Qian","doi":"10.1287/orms.2007.03.12","DOIUrl":null,"url":null,"abstract":"Residential mortgages today are offered to homeowners in a large variety of structures. A borrower can choose among different maturities, with 15and 30-year mortgages being the most popular. The interest rate can be fixed, adjustable or a combination of the two as in the hybrid 30-year adjustable rate products that have a fixed rate for the first five years. A third variable is the amortization of principal, which can be conventional or involve a balloon payment. An extreme example of the latter is the interest only loan (for the first five or 10 years).","PeriodicalId":189498,"journal":{"name":"Volume 34, Number 3, June 2007","volume":"6 4","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"A Pointer on Points\",\"authors\":\"A. Kalotay, Jinghua Qian\",\"doi\":\"10.1287/orms.2007.03.12\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Residential mortgages today are offered to homeowners in a large variety of structures. A borrower can choose among different maturities, with 15and 30-year mortgages being the most popular. The interest rate can be fixed, adjustable or a combination of the two as in the hybrid 30-year adjustable rate products that have a fixed rate for the first five years. A third variable is the amortization of principal, which can be conventional or involve a balloon payment. An extreme example of the latter is the interest only loan (for the first five or 10 years).\",\"PeriodicalId\":189498,\"journal\":{\"name\":\"Volume 34, Number 3, June 2007\",\"volume\":\"6 4\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-01-22\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Volume 34, Number 3, June 2007\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1287/orms.2007.03.12\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Volume 34, Number 3, June 2007","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1287/orms.2007.03.12","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Residential mortgages today are offered to homeowners in a large variety of structures. A borrower can choose among different maturities, with 15and 30-year mortgages being the most popular. The interest rate can be fixed, adjustable or a combination of the two as in the hybrid 30-year adjustable rate products that have a fixed rate for the first five years. A third variable is the amortization of principal, which can be conventional or involve a balloon payment. An extreme example of the latter is the interest only loan (for the first five or 10 years).
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