When to refinance a mortgage: A dynamic programming approach [An article from: European Journal of Operational Research] | ![When to refinance a mortgage: A dynamic programming approach [An article from: European Journal of Operational Research]](http://ecx.images-amazon.com/images/I/51G4P0G7AGL._SL160_.jpg) | Authors: P.T. Lee, D.B. Rosenfield
Publisher: Elsevier
Category: Book
Buy New: $5.95
as of 7/30/2010 18:03 CDT details
Seller: Amazon.com
Sales Rank: 6583488
Format: HTML
Media: Digital
ASIN: B000RR65VY
Availability: Available for download now
| | |
| Editorial Reviews:
Product Description
This digital document is a journal article from European Journal of Operational Research, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
When should one refinance a mortgage loan? It is one of the most common finance questions in today's world. There have been surprisingly few attempts to answer this question in a structured manner, however. Moreover, the existing guidelines for refinancing consist of a short list of very simple rules that have a limited application. This article addresses the question through a dynamic programming model coupled with an analysis of historical interest rates. The analysis reveals a more complex set of rules for an optional refinance decision--oftentimes conflicting with the conventionally accepted idea that rate differences must be greater than two percent.
|
|
|
