First Name:
Susanna
Last Name:
James
Major Department:
Mathematics
Thesis Director:
Kevin Shirley
Date of Thesis:
May 2010
Mortgages and refinancing often play very large roles in people's lives, but many people do not actually understand the basics of their own mortgage loans. The idea of this website is to provide a place to learn about the basics ofmortgages for those who really know nothing about them, while going more into detail for those who already have the background knowledge and want to study them a little more in-depth. There are, of course, many different reasons for people to refinance, but when considering simply the overall financial consequences of refinancing, a person should refinance only if the refinance is optimal, increasing a person's net present value.