Redeem/Redemption
The process of discharging a mortgage by paying off the loan. Paying off a mortgage before the end of a mortgage term is referred to as "early redemption" or "early repayment".
Redeem/Redemption
The process of discharging a mortgage by paying off the loan. Paying off a mortgage before the end of a mortgage term is referred to as "early redemption" or "early repayment".