Loan flipping
Definition
The process of raising cash periodically through successive cash-out refinancings. It is a scam initiated by mortgage brokers that victimizes wholesale lenders, with the connivance of borrowers. See Periodic Mortgage Refinacings: Who Gets Conned?
Related Terms Other terms related to 'Loan flipping' starting with the letter 'L' Lender, Lock period, Loan to value ratio, Lease to own purchase, Loan discount fee 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 | 