Pu, Ming; Fan, Gang-Zhi; Deng, Yongheng - In: The Journal of Real Estate Finance and Economics 48 (2014) 3, pp. 492-521
crucial determinants for reverse mortgage loan limits, such as initial housing price, expected housing price growth, house … attempts to develop an option-based model to evaluate the loan limits of reverse mortgages. Our model can identify several … price volatility, mortality distribution, and interest rates. We also pay special attention to the important implication of …