| 单词 | scheduled recast |
| 释义 | scheduled recastDefinition Recalculation of payments on a mortgage. With some adjustable rate mortgages, payments during the first five years are kept low, sometimes not even covering the amount of interest owed. At some point in the mortgage, commonly after five years, payments are recalculated so that the mortgage can be paid off over its remaining term. At that point, payments may rise dramatically. |
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