Refinancing
Replacement of one debt obligation with another under different terms
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📌 Topics
- Finance (1)
- Real Estate (1)
- Economy (1)
🏷️ Keywords
Mortgage rates (1) · Home buying (1) · Refinance (1) · Interest rates (1) · Housing market (1) · Fixed-rate mortgage (1) · Financial planning (1)
📖 Key Information
Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, common forms of refinancing include primary residence mortgages and car loans.
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People and organizations frequently mentioned alongside Refinancing:
- 🌐 Mortgage (1 shared articles)
- 🌐 Interest rate (1 shared articles)
- 🌐 Housing market (1 shared articles)