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Refinance > Mortgage (Open-End)

The following information is about Mortgage (Open-End).

Mortgage (Open-End) Defined

A mortgage with a provision that permits borrowing additional money in the future without refinancing the loan or paying additional financing charges. Open-end provisions often limit such borrowing to no more than would raise the balance to the original loan figure.

This definition is in context to Refinance. See more contextual defintions for Mortgage (Open-End).


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