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Mortgage Terms: Tangible Net Benefit Definition

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Mortgage Terms: Tangible Net Benefit Definition

Tangible Net Benefit

Definition

The net gain to a borrower from a refinancing, which some proposed legislation would make the responsibility of lenders.

See Are Lenders Responsible For a "Tangible Net Benefit?"

Related Terms

Other terms related to 'Tangible Net Benefit' starting with the letter 'T'

Temporary lender, Term, Truth in Lending TIL, Total expense ratio, Total interest payments

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