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Repayment plan

The mortgage definition for Repayment plan:

When a borrower falls behind in mortgage payments, many lenders will negotiate a repayment plan rather than go to court.

Similar Matches

Early repayment period

Early repayment period
A period of time that applies to certain types of loan during which a charge will be made if the loan is repaid in full or in part or its terms are varied at the borrower's request.


Monthly repayment

Monthly repayment
This is the amount you pay to your lender each month towards the cost of your loan.


Prepayment penalty

Prepayment penalty
Lenders can impose a penalty on a borrower who pays a loan off before its expected end date.


Further Suggestions

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Repayment period
Repayment term
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