What does it mean to “refinance”?
The term refinancing means taking out another loan to replace the original or previous loan. The purpose of refinancing is for the borrower to receive a better interest rate on their loan.
[mortgagecalculator]
The term refinancing means taking out another loan to replace the original or previous loan. The purpose of refinancing is for the borrower to receive a better interest rate on their loan.
[mortgagecalculator]