Refinancing

Business / Finance / Refinancing: An extension and/or increase in amount of existing debt.

Cash-Out Refinancing Loan

Business / Loan / Cash-Out Refinancing Loan: A loan that refinances a prior mortgage and that provides additional cash to the borrower. Funds. MORE

Pyramiding

Business / Real Estate / Pyramiding: The process of acquiring properties by refinancing properties already owned and investing the loan proceeds in additional properties. MORE

Refinance

Business / Loan / Refinance: To repay one or more existing mortgage loans by getting a new mortgage loan. MORE

Prepayment Penalty

Business / Finance / Prepayment Penalty: A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity. MORE

Closing Costs

Business / Finance / Closing Costs: The percentage of total outstanding common shares reported as held by officers, directors, their families, trusts, foundations, and shareholders individually owning more than 5%. MORE

Steenth

Business / Finance / Steenth: As an MBS pool ages, or four to six months after component mortgages have passed at least once the threshold for refinancing, the prepayment speed tends to stabilize within a fairly steady range. MORE

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