@article{ART002529461},
author={Kyung-jin Choi and Sung Jooho and Keewhan Sung},
title={Analysis of Financial Value by Participant Age of Reverse Mortgage},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2019},
volume={30},
number={4},
pages={3-29},
doi={10.23842/jif.2019.30.4.001}
TY - JOUR
AU - Kyung-jin Choi
AU - Sung Jooho
AU - Keewhan Sung
TI - Analysis of Financial Value by Participant Age of Reverse Mortgage
JO - Journal of Insurance and Finance
PY - 2019
VL - 30
IS - 4
PB - Korea Insurance Research Institute
SP - 3
EP - 29
SN - 2384-3209
AB - This study estimates the financial value of living stability, bequest and resident stability at the time of purchasing reverse mortgage.
The financial value of living stability increase but that of resident stability decreases with the age of borrower. Increases in survival of 70-year-old are directly related to the present value of living and resident stability, but inversely related to that of bequest. With increases in mortgage rate, the present value of bequest decreases but that of resident stability increases. With increases in housing prices, both the present value of bequest and that of resident stability increases. This study is significant that it assesses the present value and financial effects of bequest and resident stability in addition to monthly payment.
KW - Reverse mortgage;Living stability;Bequest;Resident stability
DO - 10.23842/jif.2019.30.4.001
ER -
Kyung-jin Choi, Sung Jooho and Keewhan Sung. (2019). Analysis of Financial Value by Participant Age of Reverse Mortgage. Journal of Insurance and Finance, 30(4), 3-29.
Kyung-jin Choi, Sung Jooho and Keewhan Sung. 2019, "Analysis of Financial Value by Participant Age of Reverse Mortgage", Journal of Insurance and Finance, vol.30, no.4 pp.3-29. Available from: doi:10.23842/jif.2019.30.4.001
Kyung-jin Choi, Sung Jooho, Keewhan Sung "Analysis of Financial Value by Participant Age of Reverse Mortgage" Journal of Insurance and Finance 30.4 pp.3-29 (2019) : 3.
Kyung-jin Choi, Sung Jooho, Keewhan Sung. Analysis of Financial Value by Participant Age of Reverse Mortgage. 2019; 30(4), 3-29. Available from: doi:10.23842/jif.2019.30.4.001
Kyung-jin Choi, Sung Jooho and Keewhan Sung. "Analysis of Financial Value by Participant Age of Reverse Mortgage" Journal of Insurance and Finance 30, no.4 (2019) : 3-29.doi: 10.23842/jif.2019.30.4.001
Kyung-jin Choi; Sung Jooho; Keewhan Sung. Analysis of Financial Value by Participant Age of Reverse Mortgage. Journal of Insurance and Finance, 30(4), 3-29. doi: 10.23842/jif.2019.30.4.001
Kyung-jin Choi; Sung Jooho; Keewhan Sung. Analysis of Financial Value by Participant Age of Reverse Mortgage. Journal of Insurance and Finance. 2019; 30(4) 3-29. doi: 10.23842/jif.2019.30.4.001
Kyung-jin Choi, Sung Jooho, Keewhan Sung. Analysis of Financial Value by Participant Age of Reverse Mortgage. 2019; 30(4), 3-29. Available from: doi:10.23842/jif.2019.30.4.001
Kyung-jin Choi, Sung Jooho and Keewhan Sung. "Analysis of Financial Value by Participant Age of Reverse Mortgage" Journal of Insurance and Finance 30, no.4 (2019) : 3-29.doi: 10.23842/jif.2019.30.4.001
