Abstract
After the reform of the Government Housing Loan Corporation (GHLC), various types of housing loan have been supplied and adjustable rate loan and short time fixed rate loan is increasing. This paper examines the impact of the reform of the housing loan and how the mortgage choice between the adjustable rate loan (ARM; including short time fixed rate loan) and the fixed rate loan (FRM) is done. We obtain the results that the loan choice is influenced by the difference between the rate of FRM and that of ARM, the income, the price, the favor for the quality of the house and the other elements.
