Thorp, Susan; Liu, Junhao; Agnew, Julie; Bateman, Hazel; … - In: Journal of financial literacy and wellbeing : FLW 1 (2023) 1, pp. 47-78
mortgage is therefore critical to financial well-being but households often make costly mistakes. We collect data in an online … survey to test borrowers' comfort with, and understanding of, mortgage debt. We analyze the impact of financial literacy …, mortgage broker advice and whether the loan is framed as a lump sum debt or an equivalent stream of repayments. We conjecture …
