Monday, December 11th 2017

Question

What does it mean to refinance a mortgage?

Interesting Question?   (7)   (8)



Answers (1)

28th Oct 2009 by Gary

To refinance a mortgage means you're using the property from the orginal mortgage as collateral for another loan which would pay off the first mortgage, while usually getting extra cash out of it to use for whatever you want. There are closing costs just like there are when getting the first mortgage.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



27th Oct 2009 In Finance 1 Answers | 442 Views
Subjects: mortgage, refinance, refinance a mortgage,

Answer This Question / Give Your Opinion
What does it mean to refinance a mortgage?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
How to reduce any inheritance tax?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
How to reduce any inheritance tax?
Unanswered Questions in Finance
What is a Personal Project Loan?
What is medium term financing?
Why Refinance an Auto Loan?
What is lender financing?
What is a college loan?

Answered Questions in Finance
What is a dip loan?
What is a car loan?
How to finance a film?
How to raise business capital?
How to get car finance?
Ask A Question
Get opinions on what you want to know:
Specific to any country?