Design of Shared Appreciation Mortgage
This dissertation integrates the mathematical design of an efficient risk-free traditional mortgage (Ebrahim 2006) with that of an Islamic convertible mortgage (Ebrahim and Khan 2002) to present a model of the shared appreciation mortgage. It is an innovative home mortgage product which allows prosp...
| Main Author: | |
|---|---|
| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2006
|
| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/20487/ |
| _version_ | 1848792084194000896 |
|---|---|
| author | Hu, Xiaoming |
| author_facet | Hu, Xiaoming |
| author_sort | Hu, Xiaoming |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This dissertation integrates the mathematical design of an efficient risk-free traditional mortgage (Ebrahim 2006) with that of an Islamic convertible mortgage (Ebrahim and Khan 2002) to present a model of the shared appreciation mortgage. It is an innovative home mortgage product which allows prospective homeowners to borrow at a below-market contract rate, in exchange for this they have to pay the lender a predetermined percentage of future house price appreciation. The model is designed by considering the mortgage as a combination of a credit facility and an American call option. |
| first_indexed | 2025-11-14T18:38:47Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-20487 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:38:47Z |
| publishDate | 2006 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-204872018-01-05T20:00:22Z https://eprints.nottingham.ac.uk/20487/ Design of Shared Appreciation Mortgage Hu, Xiaoming This dissertation integrates the mathematical design of an efficient risk-free traditional mortgage (Ebrahim 2006) with that of an Islamic convertible mortgage (Ebrahim and Khan 2002) to present a model of the shared appreciation mortgage. It is an innovative home mortgage product which allows prospective homeowners to borrow at a below-market contract rate, in exchange for this they have to pay the lender a predetermined percentage of future house price appreciation. The model is designed by considering the mortgage as a combination of a credit facility and an American call option. 2006 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/20487/1/06MAlixxh9.pdf Hu, Xiaoming (2006) Design of Shared Appreciation Mortgage. [Dissertation (University of Nottingham only)] (Unpublished) Shared Appreciation Mortgage SAM |
| spellingShingle | Shared Appreciation Mortgage SAM Hu, Xiaoming Design of Shared Appreciation Mortgage |
| title | Design of Shared Appreciation Mortgage |
| title_full | Design of Shared Appreciation Mortgage |
| title_fullStr | Design of Shared Appreciation Mortgage |
| title_full_unstemmed | Design of Shared Appreciation Mortgage |
| title_short | Design of Shared Appreciation Mortgage |
| title_sort | design of shared appreciation mortgage |
| topic | Shared Appreciation Mortgage SAM |
| url | https://eprints.nottingham.ac.uk/20487/ |