Pedro Joaquin Ordonez Fajardo
DARE Project: Optimal pricing and conditions for reverse mortgage lenders in Canada
Program(s) of Study: Bachelor of Commerce with Honours Spec. Finance
Project Supervisor: Nabil Tahani
This experience strengthened the research, quantitative modelling, and analytical skills I will need for graduate studies and a career in finance. It also confirmed my interest in using financial models to evaluate risk, support informed decisions, and develop practical solutions for the financial industry.
Project Description:
My DARE project focused on the quantitative modelling and fair pricing of reverse mortgages in Canada. I developed a model to assess the pricing and risks of reverse mortgages in Canada. The model combines mortality, interest-rate, and house-price data to project loan balances, property values, and lender exposure.The Dean’s Award for Research Excellence (DARE) - Undergraduate enables our students to meaningfully engage in research projects supervised by LA&PS faculty members. Find out more about DARE.