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Repayment vehicle |
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Repayment vehicleThe means by which a mortgage loan's capital is repaid. Examples include endowments, ISAs and personal pensions.Repayment vehicle Similar MatchesMonthly repaymentMonthly repaymentThis is the amount you pay to your lender each month towards the cost of your loan. Prepayment feePrepayment feeIn the US, a fee charged to a borrower by a lender when a loan or mortgage is repaid ahead of schedule. In the UK, building societies impose a similar charge, typically binding the borrower to at least three years of repayments if such a charge is to be avoided. Lag response of prepaymentsLag response of prepaymentsA 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. Zero prepayment assumptionZero prepayment assumptionThe assumption of payment of scheduled principal and interest with no payments. Early repayment periodEarly repayment periodA period of time that applies to certain types of loan during which a charge will be made if the loan is repaid in full or in part or its terms are varied at the borrower's request. Further SuggestionsRepayment planRepayment mortgage Prepayment penalty repayment mortgage Prepayment speed Prepayments FHA prepayment experience Repayment period Repayment term Prepayment penalty |
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