   
|
|
|
|
Adverse Remortgage
|
An adverse remortgage or adverse credit remortgage is a mortgage refinance contract to an a mortgage borrower with adverse credit. An adverse remortgage allows these borrowers to refinance even with an adverse credit rating. An adverse remortgage borrower can have court judgements, defaults, or mortgage arrears and still obtain refinancing with an adverse remortgage. Adverse remortgage loans are available in the US and UK where as many as 25% of prospective borrowers may need to apply for adverse remortgage based on a poor credit history. Adverse remortgage loans are offered at rates above conventional remortgages. Sometimes called “bad credit mortgage refinancing” adverse remortgage loans have become more widely available as the secondary market for sub-prime residential mortgages has expanded during the early 2000s.
Rate this adverse remortgage definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: LIBOR, inflation, 401a, real GDP, EBITDA, command economy, 144a, deferred tax, per diem, liquidity ratio, margin rate, deferred revenue, required rate of return, net book value, cancelled check, minority interest, wholly-owned subsidiary, average price per share, forward PE, retained earnings, diluted share, trailing PE, current ratio, FICO score, debt service coverage, dividends payable, phantom income, 1031 exchange, Zero Cost Collar, COO, labor relations, arm's length transaction, commodity, 1035 exchange, option premium, net income, Key Rate Duration, reverse mortgage, covered put, class C shares, APR, balance sheet, assets under management, equities, VIX, FTSE, quant, commercial paper, stock market close
|
|
|
|
