Q:

What is a mortgage refinance

Answer

Mortgage refinancing is paying off an existing mortgage loan by extending or renewing existing financing or taking on a new loan.

Categorized In: Real Estate

Source: Real estate terms listed in online real estate dictionary. | www.realestatewords.com

Description: he paying off of an existing mortgage loan obligation by extending or renewing existing financing or taking on a new loan obligation in its place.

Aug 19 2009, 10:21am

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