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The right of a lender in whom two or more mortgages are vested to refuse one mortgage to be redeemed unless the others are also redeemed. This protects the lender.
출처: www.cheapmortgages.com/glossary.htm
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| consolidation |
A loan program that allows a borrower to combine several educational loans into one new loan. This process extends the repayment period and allows for a single monthly payment. This simplifies the repayment process and sometimes results in a lower interest rate.
출처: www.buildingyourfuture.org/glossary.php
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| consolidation |
Consolidating multiple education loans into one new loan with a new repayment term and interest rate.
출처: www.maineadvantage.com/glossary.htm
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| consolidation |
The combination of education loans into one new loan. The repayment period of the new loan can be up to 30 years depending on the loan amount.
출처: www.nslp.org/glossary.htm
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| consolidation |
Combining two or more education loans into a new loan that has a longer repayment term and a single monthly payment that is smaller than the sum of previous monthly payments. By consolidating eligible federal student loans and extending the repayment term (up to 30 years depending on the total loan amount), repayment can be easier. Note that while this may ease cash flow, consolidation can add significantly to the amount of overall interest that is paid over time.
출처: www.programs-safmt.org/Programs/contServ
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