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• The lender encourages you to get additional cash by refinancing your mortgage again and again. This tactic significantly increases your debt because fees (often exorbitant) are tacked on to each loan transaction, and you may pay a higher interest rate than with your original loan. You become saddled with higher payments, higher debt, and the risk of losing your home.

  State of New Jersey, Department of Banking & Insurance - Cite This Source - This Definition
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  Cite Definition for Loan flip

  American Psychological Association (APA)

  Loan flip. (n.d.). Glossary of Common Mortgage Terms. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/loan-flip.

  Chicago Manual of Style (CMS)

  Loan flip. www.newjersey.gov. Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. http://www.expertglossary.com/definition/loan-flip (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Loan flip." Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. 28 March. 2023 http://www.expertglossary.com/definition/loan-flip.

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