Why Do Most People Don’t Select The Cheapest Mortgage?!

In this video, I share some very interesting insights from a recent research paper titled "Mortgage Choices and Price Discrimiation".
The findings of the paper suggest that, when the time comes to borrow money to buy a house, very few borrowers pick the cheapest option, with many borrowers selecting some very expensive options. The study reveals how lenders strategically design these options that leads to these outcomes.
Read the full research paper here: www.nber.org/p...
LICENSE CERTIFICATE: Envato Elements Item
=================================================
This license certificate documents a license to use the item listed below
on a non-exclusive, commercial, worldwide and revokable basis, for
one Single Use for this Registered Project.
Item Title: Hip Hop Music Intro
Item URL: elements.envat...
Item ID: XMUVH38
Author Username: BearStockMusic
Licensee: Atif Ikram
Registered Project Name: CZcams Video
License Date: June 6th, 2024
Item License Code: 2FCJUAQXP6