Comparing Mortgages with Different Payment Frequencies

Authors

  • Arefaine G. Yohannes School of Management, The University of Michigan-Dearborn, 4901 Evergreen Road, Dearborn, MI 48128.

DOI:

https://doi.org/10.1016/1057-0810(91)90029-X

Abstract

The biweekly-payment mortgage is an alternative to the monthly-payment mortgage. In this study, logistic regression is used to determine the influence of demographic characteristics on the choice between these two types of mortgages. Of the six independent variables that were considered, only two had significant influence on mortgage choice. They were the frequency of paydays and education.

Downloads

Published

1991-12-30

How to Cite

Yohannes, A. G. (1991). Comparing Mortgages with Different Payment Frequencies. Financial Services Review, 1(2), 131–142. https://doi.org/10.1016/1057-0810(91)90029-X

Issue

Vol. 1 No. 2 (1991): Financial Services Review

Section

New Original Submission

License

Copyright (c) 1991 JAI Press Inc.

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Author(s) retain copyright and grant the Journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial 4.0 International License that allows to share the work with an acknowledgment of the work's authorship and initial publication in this Journal.

This license allows the author to remix, tweak, and build upon the original work non-commercially. The new work(s) must be non-commercial and acknowledge the original work.