International Comparison of Mortgage Product Offerings

58 Pages Posted: 27 Sep 2010

See all articles by Michael Lea

Michael Lea

San Diego State University

Date Written: September 27, 2010

Abstract

This comparison of mortgage product offerings in developed countries reveals significant differences in the dominant product offerings. Countries differ in terms of the market share of adjustable versus fixed-rate mortgages, the use of pre-payment penalties, maximum term and the offering of features such as interest-only payments and assumability. Our findings suggest that the United States is internationally unusual in several respects.

Keywords: International Mortgage Markets, Mortgage Products

Suggested Citation

Lea, Michael, International Comparison of Mortgage Product Offerings (September 27, 2010). Research Institute for Housing America Research, Available at SSRN: https://ssrn.com/abstract=1683472 or http://dx.doi.org/10.2139/ssrn.1683472

Michael Lea (Contact Author)

San Diego State University ( email )

San Diego, CA 92182-0763
United States

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