Pricing tenure payment reverse mortgages with optimal exercised prepayment options by accounting for house prices, interest rates, and mortality risk
Year of publication: |
2023
|
---|---|
Authors: | Dai, Tian-Shyr ; Liu, Liang-Chih ; Yang, Sharon S. |
Published in: |
Quantitative finance. - London : Taylor & Francis, ISSN 1469-7696, ZDB-ID 2027557-2. - Vol. 23.2023, 9, p. 1325-1339
|
Subject: | Early redemption charge | Optimal/intensity-based exercise policy | Prepayment option | Reverse mortgage | Hypothek | Mortgage | Zins | Interest rate | Immobilienpreis | Real estate price | Sterblichkeit | Mortality | Optionspreistheorie | Option pricing theory | Wohneigentum | Homeownership | Umkehrhypothek |
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