Purlend Data Dictionary

domain-term proposed

Refinance Reason Tag

The classified refinance reason, Version-A taxonomy: 1 lower the interest rate (lifetime savings), 2 lower the monthly payment (breathing room), 3 change the loan term, 4 access home equity / cash out, 5 change loan structure / ownership. The goal stays in the borrower's words; this is the lane.

AudienceName
Engineering (code)reasonTag
Design (UI label)
Borrower-facing
Do not use

Sources

Related

Borrower Goal, Motive Both, HELOC, Reverse Mortgage

Referenced by

Ambiguous Motive, Borrower Goal, HELOC, Motive Both, Reverse Mortgage

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