paying off one loan by obtaining another; refinancing is generally done to secure better loan terms (like a lower interest rate)
The process of paying off one loan with the proceeds from a new loan secured by the same property
The process of paying off one loan with the proceeds from a new loan secured by the same property--to lower mortgage payments
the repayment of a debt from the proceeds of a new loan, using the same property as security for the new loan
The process of paying off one loan with the proceeds from a new loan secured by the same property This is most often done to get the better interest rates offered by the new loan
The repayment of a debt from the proceeds of a new loan using the same property as security A process where a mortgagor pays off one loan with another loan
Negotiating a new loan for real estate; generally done to obtain a lower rate or in the case of a sale to allow the buyer to purchase the property
The repayment of a debt from the proceeds of a new loan using the same property as security
Occurs when a borrower pays off one loan with the proceeds from another loan using the same property as security
The process of paying off one loan with the proceeds form a new loan secured by the same property to lower mortgage payments
Same as refunding New securities are sold by a company and the money is used to retire existing securities The object may be to save interest costs, extend the maturity of the loan, or both