Exit Strategy
Quick Summary
Your plan to repay or refinance before the private term ends.
ELI5 Explanation
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It is how you get out of expensive short-term borrowing.
Detailed Explanation
Strong exits include sale, refinance to A/B lender, or documented income recovery. Lenders assess exit viability when approving higher-risk files.
Example
A borrower plans to refinance after tax filings show stable self-employed income.
Why It Matters
Without a realistic exit, renewal risk and costs rise sharply.