Refinance

The process of retiring or redeeming an outstanding bond issue at maturity by using the proceeds from a new debt issue. The new issue is almost always issued at a lower rate of interest ...

The act of combining several loans or liabilities into one loan. Debt consolidation involves taking out a new loan to pay off a number of other debts. Most people who consolidate their ...

A type of payment scheme in which higher-tiered creditors receive interest and principal payments, while the lower-tiered creditors receive only interest payments. When the higher tiered ...

Debts that are subordinate to the rights of other, more senior debts issued against the same collateral, or a portion of the same collateral. If a borrower defaults, second lien debts ...

A situation where a large amount of mortgage refinancing occurs as a result of a drop in interest rates. The larger the drop in rates, the larger the "wave". A refinance wave can be ...

A mortgage refinancing transaction in which the new mortgage amount is greater than the existing mortgage amount, plus loan settlement costs. The purpose of a cash-out refinance is to ...

1. The risk that an early unscheduled repayment of principal on mortgage-backed securities(MBS) will occur when the underlying mortgages are refinanced by borrowers. All MBS buyers ...

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These loans can spell disaster for borrowers, but that doesn't mean they should be condemned.

If you're a homeowner, this is one item you want to understand and use on your return.

Refinancing your mortgage can be a quick way to save on payments, but it's not for everyone.

Should you refinance your mortgage to purchase other assets? Learn how to weigh your risk.

Refinancing is a great way for many homeowners to improve their financial situation - but beware of the downsides.

Buying a home may be the biggest debt you'll ever incur. Learn why you should retire it sooner, rather than later.

This program allows FHA borrowers to reduce monthly mortgage payments through negotiation with lenders.

These may be a handy way to borrow money, but this convenience does not come without risk.

Fixed-rate mortgages are the most common way to finance a home purchase. Find out the pros of cons of this type of loan here.

Find out why good intentions can put consumers in an even bigger hole than before.

Keep saving when mortgages, marriages and debt demand your attention.