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Short refinance : ウィキペディア英語版 | Short refinance
A short refinance is a transaction in which the lender agrees to refinance the borrower's home for the current market value, in effect making it more cost effective for the borrower. The lender agrees to replace the lenders current loan with a new one and pays off the difference. This new loan typically has a lower balance and borrowers typically receive a new interest rate, which is often lower than their former one - resulting in a reduced mortgage payment.(1) ==Declining markets== A short refinance takes place when the borrowers loan balance is more than the property's worth. This is often attributable to declining markets, such as in the recession of 2009, which stressed the financial system's ability to supply mortgage credit, subsequently limiting the ability of Americans to refinance mortgages and buy homes.(2)
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Short refinance」の詳細全文を読む
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