The meaning of REFINANCE is to renew or reorganize the financing of something : to provide for (an outstanding indebtedness) by making or obtaining another loan or a larger loan on fresh terms. How to use refinance in a sentence.
If you have private student loans, you may want to explore refinancing them to get a lower interest rate. From Salon It was also pinning its hopes on getting government loan guarantee that would allow refinancing with more conventional lenders. From BBC The company was increasingly reliant on hi...
Twitter Google Share on Facebook Thesaurus Financial Wikipedia re·fin·ance (rē′fə-năns′, rē-fī′năns′) v.re·fi·nanced,re·fi·nanc·ing,re·fi·nanc·es v.tr. To renegotiate or replace the financing of (a debt or asset), usually to obtain a lower interest rate. ...
If you're looking to minimize upfront costs, you might consider a no-closing-cost refinance. This loan type has no upfront fees, but the lender makes up for it by rolling the closing costs into the loan or offering a slightly higher interest rate, meaning you'll pay more over the life...
And a “net tangible benefit” is required — meaning the refinance mortgage will have a significantly lower rate and/or payments than your current loan. Note that cash-out refinancing is not allowed via the FHA Streamline Refinance program. FHA does offer a cash-out refinance loan, but it ...