stripper

n.

1. One that strips, as one that strips photographic negatives or positives.
2. A chemical product for removing a surface covering, such as paint or varnish, from furniture or floors.
3. One who performs a striptease.
4. An oil well that produces ten barrels or fewer per day.

Slang for an individual homeowner who strips the equity out of his or her home through mortgage refinancing. The proceeds are generally not re-invested, but spent on consumer goods.

Investopedia Says:
Most people get rich by saving and investing wisely. Strippers, on the other hand, feel rich because they have increased their disposable income by going further into debt.

Strippers face two huge risks. First, they are trusting that the value of their home will keep rising, but any dip in the housing market will prevent future refinancings. Second, strippers usually borrow when interest rates are low. If they have a variable-rate mortgage and rates rise again (as they always do), they might not be able to afford the mortgage payment. Sooner or later, strippers will have to reduce their consumption and start saving to pay back loans. This situation is a vicious cycle because the deeper into debt a person goes, the harder it is to get back in the black.

Related Links:
Learn how the various reasons for doing it can mean the difference between financial prudence and ruin. Mortgages: The ABCs Of Refinancing
Both of these have advantages and disadvantages depending on your financial needs and prospects. Mortgages: Fixed-Rate Versus Adjustable-Rate
Follow Indy's advice and conquer the obstacles blocking your path to financial well-being. The Indiana Jones Guide to Getting Ahead
Do you know how your borrowing activities affect your credit rating? Find out here. The Importance of Your Credit Rating

A liquid designed to remove coatings by chemical and/or solvent action.

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Surgical instrument for stripping the periosteum from bone. See matson elevator.

Dansk (Danish)
n. - stripper, nøgendanser

Nederlands (Dutch)
striptease danseres

Français (French)
n. - strip-teaseur

Deutsch (German)
n. - Farbentferner, Abstreifer, Stripper, Stripteasetänzer

Ελληνική (Greek)
n. - αποφλοιωτής, αφαιρετικό χρώματος, (καθομ.) στριπτιζέζ

Italiano (Italian)
spogliarellista

Português (Portuguese)
n. - desencapador (m) (Elet.), strip-teaser (f), copiador (Tipog.)

Русский (Russian)
исполнительница стриптиза

Español (Spanish)
n. - desmoldador, mujer que hace striptease

Svenska (Swedish)
n. - strippa, striptease-artist, person el apparat som skrapar ren

中文（简体）(Chinese (Simplified))
清除的人, 剥离器

中文（繁體）(Chinese (Traditional))
n. - 清除的人, 剝離器

한국어 (Korean)
n. - 벗기는 사람, 껍질 벗기는 기구, 스트리퍼

日本語 (Japanese)
n. - はぐ人, 皮むき器, ストリッパー

العربيه (Arabic)
‏(الاسم) راقصه تتعرى من ملابسها‏

עברית (Hebrew)
n. - ‮חשפנית‬

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