HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Lending&Credit » recast payment

Recast Payment

Definition
Adjusting the mortgage payment on an ARM or on a variable rate mortgage to make certain that the mortgage will be paid in full by the time of its maturity.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.