Glossary - Don Wixom, Nampa, Caldwell, Boise, Eagle, Meridian | Complete Idaho MLS | Idaho Real Estate Agent

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Prearranged Refinancing Agreement	A formal or informal arrangement between a lender and a borrower wherein the lender agrees to offer special terms (such as a reduction in the costs) for a future refinancing of a mortgage being originated as an inducement for the borrower to enter into the original mortgage transaction.

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