Choosing between Fixed and Adjustable Rate Mortgages: A Note

  title={Choosing between Fixed and Adjustable Rate Mortgages: A Note},
  author={Upinder Singh Dhillon and James D. Shilling and C. F. Sirmans},
Introduction In recent years mortgage borrowers have been given a wide variety of financing methods from which to choose (e.g., Guttentag 1983; Barnett and McKenzie 1984). Examples include assumptions, adjustable rates, shared appreciation, growing equity, and numerous others. By far, the dominant two have been the standard fixed rate and the adjustable rate mortgage. ' Beginning with regulation changes in 1979, adjustable rate mortgage lending, at first, was fairly restricted, but with the… CONTINUE READING

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