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Cited by 281

The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.

Do borrowers know their mortgage terms?

Open access
Bucks, Brian, Pence, Karen·2008·Journal of Urban Economics
DOI 10.1016/j.jue.2008.07.005
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Abstract

We assess whether borrowers know their mortgage terms by comparing the distributions of these variables in the household-reported Survey of Consumer Finances (SCF) to the distributions in lenderreported data. We also examine the characteristics of SCF respondents who report not knowing these contract terms. Although most borrowers seem to know basic mortgage terms, borrowers with adjustable-rate mortgages appear likely to underestimate or to not know how much their interest rates could change. Borrowers who could experience large payment changes if interest rates rose are more likely to report not knowing these contract terms. Difficulties with gathering and processing information appear to be a factor in borrowers' lack of knowledge.

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Metadata

Authors
Bucks, B., & Pence, K.
Venue
Journal of Urban Economics
Publisher
Elsevier BV
Published
2008-09
Volume
64
Issue
2
Pages
218-233
ISSN
0094-1190 (ISSN-L)
DOI
10.1016/j.jue.2008.07.005
OpenAlex
W2102265878
Cited by
281
References
4
FWCI
44.74
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Do borrowers know their mortgage terms? https://app.cochat.ai/papers/10.1016/j.jue.2008.07.005
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Bucks, B., & Pence, K. (2008). Do borrowers know their mortgage terms? Journal of Urban Economics. https://doi.org/10.1016/j.jue.2008.07.005

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.