Defeasance probably isn’t a word you hear used in everyday conversation. When you’re buying a home, though, it’s important to know what it means — it refers to terminating something, or rendering it ...

Simplify your mortgage journey with a trusted lender. Explore Options Simplify your mortgage journey with a trusted lender. When you buy a house, closing day is as exciting as it gets. You’re finally ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

Yield maintenance and defeasance are two common methods used to compensate lenders for the loss of interest income on commercial loans. Both terms refer to prepayment penalties designed to preserve ...