Refinance Definition–verb (used with object), -nanced, -nanc·ing.
| 2. | to satisfy (a debt) by making another loan on new terms: She just refinanced her mortgage. |
| 3. | to increase or change the financing of, as by selling stock or obtaining additional credit. |
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From Dictionary
Mortgage Definition–noun | 1. | a conveyance of an interest in property as security for the repayment of money borrowed. |
| 2. | the deed by which such a transaction is effected. |
| 3. | the rights conferred by it, or the state of the property conveyed. |
–verb (used with object) | 4. | Law. to convey or place (real property) under a mortgage. |
| 5. | to place under advance obligation; pledge: to mortgage one's life to the defense of democracy. |
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From Dictionary
Loan Definition–noun | 1. | the act of lending; a grant of the temporary use of something: the loan of a book. |
| 2. | something lent or furnished on condition of being returned, esp. a sum of money lent at interest: a $1000 loan at 10 percent interest. |
–verb (used with object) | 4. | to make a loan of; lend: Will you loan me your umbrella? |
| 5. | to lend (money) at interest. |
–verb (used without object) | 6. | to make a loan or loans; lend. |
—Idiom| 7. | on loan, | a. | borrowed for temporary use: How many books can I have on loan from the library at one time? |
| b. | temporarily provided or released by one's regular employer, superior, or owner for use by another: Our best actor is on loan to another movie studio for two films. |
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From Dictionary
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FHA Brings Mortgage Relief to 400,000 Homeowners
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... a write-down in principal, can afford a new loan insured by the FHA. - October 2008 - FHA helps 400,000 families refinance their mortgage
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Refinance Mortgage for Better Saving
MyContentBuilder - Found Oct. 28, 2008
... additional income or find a better way to pay for the loan. So the question that must be answered is that if should you refinance your mortgage.
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Spiegel of NE Moves arranges $2.3 million loan...
ReJournal - Found Oct. 27, 2008
Bellingham, MA - Sidney Spiegel, vice president of NE Moves Mortgage, Commercial Division, arranged a $2.3 million refinance loan for 32-42 William
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Woman's name is still on her ex-husband's mortgage
Southwest Florida Herald Tribune - Found Oct. 26, 2008
... for him to refinance that favorable loan rate. ... the home and the second refinance papers and just keep the most recent refinance mortgage ...
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Home Loan Mortgage Rate - Refinance Second Mortgage - Tampa Home ...
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