Definition
A required period of ownership or payment history before a lender will allow certain transactions.
Example
The lender required six months of seasoning before permitting a cash-out refinance at appraised value.
Related terms
- Acceleration Clause
- Accrued Interest
- Adjustable Rate Cap
- Adjustable-Rate Mortgage
- Amortization
- Annual Percentage Rate
Frequently asked questions
What does Seasoning mean in real estate?
A required period of ownership or payment history before a lender will allow certain transactions.
How is Seasoning used in practice?
The lender required six months of seasoning before permitting a cash-out refinance at appraised value.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.