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function [v, pall, vall, Lall, thetaall] = solveh(s, Winterp, p)
ns = size(s, 1);
vall = zeros(ns, 2);
Lall = zeros(ns, 2);
thetaall = zeros(ns, 2);
for branch = 1 : 1 : 2
if branch == 1 % Refinance mortgage
thetaall(:, branch) = p.thetam*ones(ns, 1);
Lall(:, branch) = s(:,1) - (1 + p.rm)*s(:, 2)*p.hbar + thetaall(:, branch)*p.hbar - p.F;
vall(:, branch) = Winterp(Lall(:, branch), thetaall(:, branch));
elseif branch == 2 % Stay inactive
thetaall(:, branch) = max((1 + p.rm)*s(:,2) - p.mbar, 0);
Lall(:, branch) = s(:,1) - (1 + p.rm)*s(:, 2)*p.hbar + thetaall(:, branch)*p.hbar;
vall(:, branch) = Winterp(Lall(:, branch), thetaall(:, branch));
end
end
pb = (1 - exp(-p.nu*max(vall(:,1) - vall(:,2), 0))).*(vall(:,1) >= vall(:,2));
v = vall(:,2).*(vall(:,1) < vall(:,2)) + (vall(:,1) - pb/p.nu).*(vall(:,1) >= vall(:,2));
pall = [pb, 1 - pb];
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