Repayment term

 

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Repayment term

The period of time over which you will repay your mortgage to the lender.



Repayment term

Similar Matches

Prepayment speed

Prepayment speed

Also called speed, the estimated rate at which mortgagors pay off their loans ahead of schedule, critical in assessing the value of mortgage pass-through securities.


Prepayment penalty

Prepayment penalty

A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity.


Lag response of prepayments

Lag response of prepayments

A delay of typically about three months between the time the weighted-average coupon of an MBS pool crosses the threshold for refinancing and observation of an acceleration in prepayment speed is observed.


Prepayments

Prepayments

Payments made in excess of scheduled mortgage principal repayments.


Repayment plan

Repayment plan

When a borrower falls behind in mortgage payments, many lenders will negotiate a repayment plan rather than go to court.


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