Mathematical Model of Housing Loans

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DOI: 10.4236/me.2010.13019   PDF   HTML     5,703 Downloads   10,699 Views   Citations

Abstract

Currently, that individual use housing mortgage loans to buy houses has become a hot topic, and residents are very concerned about the debt repayment ways of individual housing mortgage loans. In this paper, using the time value of money principle, we establish equal principal and interest repayment model. Furthermore we test its validation and illustrate its specific application with an example in the economic life.

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X. Li, "Mathematical Model of Housing Loans," Modern Economy, Vol. 1 No. 3, 2010, pp. 168-170. doi: 10.4236/me.2010.13019.

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1] Y. P. Zhang and W. Q. Yuan, “Mathematical model of mortgage loans,” Journal of Yellow River Conservancy Technical Institute, Vol. 18, No. 1, 2006, pp.
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[3] V. Hartarska and C. Gonzalez-Vega, “Evidence on the effect of credit counseling on mortgage loan default by low-income households,Journal of Housing Economics,” Vol. 15, No. 1, 2006, pp. 63-79.
[4] A. Sumit and W. Brent, “Ambrose, Souphala Chomsi-sengphet, Chunlin Liu, An empirical analysis of home equity loan and line performance,” Journal of Financial In-termediation, Vol. 15, No. 4, 2006, pp. 444-469.

  
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