The Study for Factors and Success of Policy on Housing Mortgage Loan for the Low-Income Earners: Case Study of Government Housing Bank
Keywords:
Policy, Housing mortgage loans, Low-income earnersAbstract
This research study aims to investigate the factors affecting the success of implementing the housing mortgage loan policy for low-income earners and the level of success in implementing the housing mortgage loan policy for low-income earners. Quantitative research methods: Surveys using a questionnaire with a sample of 400 people who use housing mortgage loans for low-income earners of a financial institution in Bangkok and surrounding areas. The data collected from the surveys was then analyzed using Confirmatory Factor Analysis (CFA), variables indicating structural equation models, the harmony of the model, and Structural Equation Model (SEM). The research results found that the consistency of the model was checked with the empirical data (assessment of model fit). The indices used to check the consistency of the model with the empirical data include the Chi-square index, CFI, GFI, AGFI, RMSEA, RMR, IFI, and NFI. The research results found that the Chi-Square value was equal to 78.818, df.=60, CMIN/df.=1.314, CFI=0.987, GFI=0.972, AGFI=0.957, RMSEA=0.028, RMR=0.047, IFI=0.987, and NFI=0.948, thus accepting the hypothesis that policy process, policy terms, collaboration of the private sector, and resources for implementing policy are positively influenced by success factors. The index is consistent, and the statistical values found the criteria specified for a study of factors affecting the success of the housing mortgage loan policy for low-income and the level of success in implementing the housing mortgage loan policy for low-income earners. The research found that the most influencing factor affecting the success of implementing the housing mortgage loan policy for low-income earners is the policy terms factor, which consists of various rules and conditions, the mortgage loan interest rate, period of policy implementation, and the success level of the factors of implementing the housing mortgage loan policy for low-income earners. These factors were rated very successful, with an average score of 3.55–3.61.
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