Interim refinance
Definition
An ill-advised scheme to avoid a prepayment penalty by refinancing twice instead of once. Read The Interim Mortgage Refinance Scam.
Related Terms Other terms related to 'Interim refinance' starting with the letter 'I' Initial interest rate, Interest rate adjustment period, Interest only mortgage, Investor, Initial rate period Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 