Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Prearranged Refinancing Agreement
Fannie Mae
Updated 10-31-2026
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 costs) for a future refinancing of a mortgage being originated as an inducement for the borrower to enter into the original mortgage transaction.
Fannie Mae Glossary of Terms
Fannie Mae · p. 38
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