Definition Of Refinance

Refinancing definition: a method of paying a debt by borrowing additional money thus creating a second debt in. | Meaning, pronunciation, translations and examples

Borrowers whose loans are classified as reperforming will have fewer refinancing options because of their past delinquencies. A borrower who has a reperforming loan will have fewer options for.

With long leading indicators, which by definition turn at least 12 months. depending on the maturity. mortgage refinancing is neutral. Among the short leading indicators, stock prices, the.

Corporate refinancing is the process through which a company reorganizes its financial obligations by replacing or restructuring existing debts. A corporate refinancing is often done to improve a company’s financial position as prompted by favorable interest rates, improving credit quality, and in response to more favorable financing options.

What Do Refinance Mean [Read: How to Find the Best Reverse mortgage lender] proprietary reverse mortgages are similar to HECMs, but they do not have. this would mean a higher loan balance to repay. Interest. When.

Definition. A refinancing is a new transaction requiring a complete new set of disclosures. Whether a refinancing has occurred is determined by reference to whether the original obligation has been satisfied or extinguished and replaced by a new obligation, based on the parties’ contract and applicable law.

Last year and in early 2001, when one-year ARMs averaged more than 7 percent, refinancing to a fixed-rate mortgage was a clear win. But as of Oct. 5, they averaged just 5.34 percent – a favorable rate.

Nor is the borrower’s intended use of any additional cash borrowed relevant to determining whether the loan is a refinancing, though the borrower’s intended use of the funds could make the transaction a home improvement loan or a home purchase loan. See the definitions of "home purchase loan" and "home improvement loan."

Definition. Strictly speaking, all refinancing of debt is "cash-out," when funds retrieved are utilized for anything other than repaying an existing loan.. In the case of common usage of the term, cash out refinancing refers to when equity is liquidated from a property above and beyond sum of the payoff of existing loans held in lien on the property, loan fees, costs associated with the loan.

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Refinancing Law and Legal Definition Refinancing is the refunding or restructuring of debt with new debt, equity, or a combination of these. Businesses refinance their debts when interest rates drop.