A Note on Adjustable Rate and Fixed Rate Mortgage Plans in the US
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To download A Note on Adjustable Rate and Fixed Rate Mortgage Plans in the US case study
(Case Code: FINC048) click on the button below, and select the case from the list of available cases:
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Case Details: |
Price: |
| Case Code |
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FINC048 |
For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges
ThemesFloating and Fixed Rate Mortgage Loans |
| Case Length |
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14 Pages |
| Period |
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1990-2007 |
| Pub. Date |
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2007 |
| Teaching Note |
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Not Available |
| Organization |
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| Industry |
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Banking |
| Countries |
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US |
Abstract:
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This technical note provides insights into the adjustable
rate mortgage (ARM) and fixed rate mortgage (FRM) products. It describes the
different parts of ARM, types of ARMs, points that should be taken into account
before opting for an ARM, circumstances under which ARM is advisable, and the
advantages and risks involved in ARM.
The latter portion of the note talks about the FRM. It also discusses the
positive and negative attributes of FRM. The note also includes a few numerical
examples to illustrate the concept of ARM and FRM.
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Issues:
» Understand the concept of adjustable rate mortgage loans
» Understand the concept of fixed rate mortgage loans
Contents:
Keywords:
Adjustable Rate Mortgage, Fixed Rate Mortgage, Equated
Monthly Installment, Financial Index, Constant Maturity Treasury rates, Types of
ARMs, London Interbank Offered Rate, Treasury Bill, Repayment Schedule,
Certificates of Deposit Index, Wachovia Cost of Savings Index, Bank Prime Loan
Rate, Margin, Adjustment Period, Rate Cap
Defining Mortgage Rate Plans
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