Repayment vehicleThe means by which a mortgage loan's capital is repaid. Examples include endowments, ISAs and personal pensions.
Repayment periodRepayment period
The period over which the borrower must repay the lender.
Payments made in excess of scheduled mortgage principal repayments.
Repayment termRepayment term
The period of time over which you will repay your mortgage to the lender.
Prepayment speedPrepayment 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.
Lag response of prepaymentsLag 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.
Further SuggestionsRepayment mortgage
Zero prepayment assumption
Early repayment period
FHA prepayment experience