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Gross redemption yield |
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Gross redemption yieldSee 'redemption yield'.Similar MatchesRedemption penaltiesRedemption penaltiesCharges paid to the lender in compensation for lost interest if you redeem your mortgage ahead of schedule. During a discount period you will be severely penalised if you try to switch to another product or mortgage provider. Penalties can be stepped just like discounts, and can be particularly severe within the first year. This is to ensure that the costs that the lender endures in setting up the mortgage are always covered. Penalties can be a fixed sum of money, though are often proportion of the loan. With cashback mortgages, you often have to repay the amount of money you received as cashback. Redemption dateRedemption dateThe date on which a bond matures or is redeemed. Redemption penalty overhangRedemption penalty overhangThis is where the redemption penalty continues beyond a fixed or capped rate period, effectively tying you in to the much higher variable rate for a period of time after the fixed or capped period. As a result you get stuck paying an uncompetitive rate that eats into the gains you may have made from having the fixed rate or capped ratein the first place. Right of redemptionRight of redemptionThe right to recover property forfeited by foreclosure by paying the outstanding principal owed plus interest. RedemptionRedemptionThe process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale. Further SuggestionsRedemptionRight of redemption Redemption cushion redemption yield Mandatory redemption schedule Redemption Period Overhanging redemption penalty redemption Redemption price Redemption statement Extended redemption penalty redemption fees Serial redemption Redemption Redemption fee redemption date Redemption charge Preferred equity redemption stock (PERC) redemption price |
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