Some Possibilities for Refunding Long-Term Mortgage Loans Cover Image

Някои варианти за погасяване на дългосрочни ипотечни кредити
Some Possibilities for Refunding Long-Term Mortgage Loans

Author(s): Rosen Nikolaev, Tanka Milkova
Subject(s): Financial Markets
Published by: Икономически университет - Варна
Keywords: Annuity; Amortization schedule; Mortgage loans
Summary/Abstract: Nowadays there is an increase in the relative part of houses bought by mortgage loans. This leads as a consequence to a stronger competition between the credit institutions and also to a steady growth in the specific needs and preferences of the clients of these institutions. Based on this, there is more and more a necessity for some flexible politics from bank institutions, which may lead to increase of their part from the mortgage loans market and also to guarantee a higher level of serving their clients. In the present paper, based on analysis of the existing methods for refunding home mortgage loans, the authors propose a methodology for adapting the amortization schedules to new options.