refinancings
Debt term renegotiations
Refinancings are instances of replacing existing debt with new debt, typically to secure better terms.
A homeowner pursues refinancing to lower their mortgage interest rate; a corporation refinances bonds to extend maturity dates.
The plural usually appears in financial contexts discussing multiple transactions: The wave of refinancings drove down average rates across the industry.
Debt for purchasing property
- interest ratesPrice paid for borrowing
- lendersThose who provide loans
- closing costsFees finalizing property purchase
- appraisalsJudgments of worth
equity · cash-out · streamline · amortization · principal · escrow · title insurance · lock-in
Practical uses or requests
- underwritingRisk evaluation and acceptance
- document verificationConfirming legitimacy of records
- loan officersStaff who approve borrowing
- approvalFavorable opinion given
settlement · title search · income verification · closing · disbursement · payoff · prequalification · conditional approval
Renegotiating borrower payment terms
- creditorsThose owed payment
- leveragedEmployed for advantage
- hedge fundsPooled alternative investment vehicles
- balance sheetAssets-liabilities-equity report
cash flow · liquidity · bondholders · subordinated · private equity · turnaround · recapitalization · credit rating
US central banking system
- monetary policyCentral bank economic controls
- credit marketsWhere loans are traded
- economic stimulusMeasures to revive economy
- consumer debtMoney owed by individuals
market conditions · inflation · banking sector · quantitative easing · affordability · debt burden · recession · central banks
home loans
Debt for purchasing property
- interest ratesPrice paid for borrowing
- lendersThose who provide loans
- closing costsFees finalizing property purchase
appraisals · equity · cash-out · streamline · amortization · principal · escrow · title insurance · lock-in · points
applications
Practical uses or requests
- underwritingRisk evaluation and acceptance
- document verificationConfirming legitimacy of records
- loan officersStaff who approve borrowing
approval · settlement · title search · income verification · closing · disbursement · payoff · prequalification · conditional approval · funding
debt restructuring
Renegotiating borrower payment terms
- creditorsThose owed payment
- leveragedEmployed for advantage
- hedge fundsPooled alternative investment vehicles
balance sheet · cash flow · liquidity · bondholders · subordinated · private equity · turnaround · recapitalization · credit rating · institutional investors
Federal Reserve
US central banking system
- monetary policyCentral bank economic controls
- credit marketsWhere loans are traded
- economic stimulusMeasures to revive economy
consumer debt · market conditions · inflation · banking sector · quantitative easing · affordability · debt burden · recession · central banks · credit availability
- debt refinancingReplacing existing obligation with new terms
- refinancing optionsLoan replacement possibilities