Sentence examples for refinancing transaction from inspiring English sources

Mr. Moskowitz said it was also common for borrowers to put extra money into the refinancing transaction so they could avoid taking out a "jumbo" mortgage.

The high levels of interest-only borrowing, disclosed in a prospectus issued in connection with the refinancing transaction, highlight how many families are still dealing with the consequences of the loose lending practices of the boom years.

Any prepayment fee or penalty payable by the consumer in a refinancing transaction if the creditor or an affiliate of the creditor is the noteholder of the note being refinanced.

Lenders, who invest significant time and money in refinancing transactions, ultimately recoup those costs by charging higher fees to other customers.

It's required by virtually all lenders in a purchase or refinance transaction.

Mortgage executives say that borrowers are less likely these days to seek cash-out refinance transactions to cover nonessential items.

Mortgage refinance transactions are similar to purchase mortgages, in that banks will lend only to homeowners whose equity stays above a certain percentage of the home's value.

According to Freddie Mac, a provider of mortgage financing, the cash extracted by consumers during refinance transactions in 2006 jumped by $53 billion, to $315 billion.

A majority of the loans were refinance transactions allowing homeowners to take cash out of their appreciating property or pay off credit card and other debt.

That drop closely follows a drop in cash-out refinance transactions, in which homeowners refinance their mortgages after their homes have gained value, taking out some equity in the form of cash.

Reverse mortgages, which are offered through the home equity conversion mortgage (HECM) program run by the Federal Housing Administration, an arm of HUD, had previously been available only for refinance transactions.