mortgage refinancing

mortgage refinancing
/'mɔ:gɪdʒ ri:ˌfaɪnænsɪŋ/ noun
the act of arranging to increase a mortgage on a property so as to pay for improvements to the property

Dictionary of banking and finance. 2015.

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  • Refinancing — may refer to the replacement of an existing debt obligation with a debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent… …   Wikipedia

  • mortgage-backed — UK US adjective FINANCE ► used to describe an investment, especially a bond, in which the money that is used to pay back mortgages is used to pay interest on the investment: »The mortgage backed securities market could be heavily affected by… …   Financial and business terms

  • refinancing — An extension and/or increase in amount of existing debt. Bloomberg Financial Dictionary * * * refinance re‧fi‧nance [ˌriːˈfaɪnæns, fɪˈnæns] verb [transitive] FINANCE to replace one loan with another one, usually at a lower rate of interest: •… …   Financial and business terms

  • Refinancing burnout — is a concept related to mortgage industry. The path that mortgage rates follow on their way to the current level will affect prepayments today. The tendency for prepayments to drop when rates fall, rise, and fall again is called refinancing… …   Wikipedia

  • Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …   Wikipedia

  • Mortgage acceleration — is a term given to the practice of paying off a mortgage loan faster than required by terms of the mortgage agreement. As interest on mortgages is compounded, early payments diminish the period needed to pay off the mortgage, and avoid a quotient …   Wikipedia

  • Mortgage modification — is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower (i.e mortgagor and mortgagee). In general, any loan can be modified. Contents 1 Background 2 Types of… …   Wikipedia

  • Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • Refinancing Risk — 1. The risk that an early unscheduled repayment of principal on mortgage backed securities(MBS) will occur when the underlying mortgages are refinanced by borrowers. All MBS buyers assume some level of prepayments in their initial yield… …   Investment dictionary

  • Mortgage — A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the… …   Wikipedia

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