Pricing Model of Reverse Mortgage in China

Yang Bai, B. Wan, Yiyi Jiang, Jie Yan, Chonggao Liu
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引用次数: 2

Abstract

With the increasing aging problem, house-for-pension program is attracting more and more people’s attention in China. As an important financial tool, reverse mortgage has been developed quite well in a number of developed countries across the globe. Therefore, with reference to the developed countries, it could be convenient and effective way to learn these mature and valuable experiences to develop old-age care products and systems which accord with the situation of China. The key of the practice of reverse mortgage relies on its pricing. The article therefore emphasizes on the pricing of reverse mortgage to research and expound. This paper tries to use a hybrid model to make a relatively comprehensive introduction of the product mix, pricing principle and the risk control of housing reverse mortgage. The potential issues that may confront during the course are discussed for future implementation.
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中国反向抵押贷款定价模型
随着老龄化问题的日益严重,以房养老计划在中国吸引了越来越多的人的关注。反向抵押贷款作为一种重要的金融工具,在全球许多发达国家都得到了很好的发展。因此,借鉴发达国家,学习这些成熟而宝贵的经验,开发符合中国国情的养老产品和养老体系,是一种便捷而有效的方式。反向抵押贷款实践的关键在于其定价。因此,本文着重对反向抵押贷款的定价问题进行了研究和阐述。本文试图运用混合模型对住房反向抵押贷款的产品组合、定价原则和风险控制进行较为全面的介绍。讨论了课程中可能遇到的潜在问题,以便将来实施。
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