http://www.simulace.info/index.php?title=Talk:Course_materials&feed=atom&action=historyTalk:Course materials - Revision history2024-03-29T14:55:14ZRevision history for this page on the wikiMediaWiki 1.31.1http://www.simulace.info/index.php?title=Talk:Course_materials&diff=23255&oldid=prevEdema at 19:47, 22 January 20232023-01-22T19:47:08Z<p></p>
<a href="http://www.simulace.info/index.php?title=Talk:Course_materials&diff=23255&oldid=23106">Show changes</a>Edemahttp://www.simulace.info/index.php?title=Talk:Course_materials&diff=23106&oldid=prevEdema: /* Mortgage Risk Assessment Model */ new section2022-12-29T13:10:00Z<p><span dir="auto"><span class="autocomment">Mortgage Risk Assessment Model: </span> new section</span></p>
<p><b>New page</b></p><div>== Mortgage Risk Assessment Model ==<br />
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'''Simulation'''<br />
Mortgages usually have a repayment period of between 25 to 35 years. This model is to assess how different conditions affect the ability of a mortgagee to payback the mortgage. This simulation will also simulate which conditions can lead to a default, early or late repayment or inability to repay. IN addition, it will simulate the development of the mortgage interest rate.<br />
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'''Goal'''<br />
The goal of this simulation is to simulate how long it can take a borrower to fully repay his mortgage taking into account several conditions. It will also provide information on the volatility of the lender<br />
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'''Practical relevance'''<br />
This model can be used by banks and mortgage companies for assessing potential mortgages borrowers to determine the risks and how much should be given out.<br />
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Method The simulation would be done using '''Vensim'''<br />
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'''Model Parameters'''<br />
-Some parameters will include Borrower Age, Income, Expenses, Savings, Repayment Period, Economy, Savings, Health Conditions, Family Size, Mortgage Interest Rate.<br />
`</div>Edema