Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun finance Abbreviation of
refinancing .
Etymologies
Sorry, no etymologies found.
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Examples
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The refi is for $130K and the value of the house is somewhere between $600-800K.
A Psychological Bubble for Homeowners - Bits Blog - NYTimes.com 2008
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It also allocated €50 billion in its regular three-month long-term refi operation.
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"They think they're going to be fine to do a rate-and-term refi, only to find out that when the value comes in, they're going to have to put money into it in order to capture a better rate."
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Typically if you own the property for at least six months, and are doing a rate and term refi (no cash back, just paying off the hard money loan) you can use a new appraisal.
BiggerPockets Forums brianhaskins 2010
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I'm looking for a wholesale lender for a rate & term refi in CA.
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That's because a refi is a new loan; the borrower pays off the first loan early, stopping the interest payments.
The Seattle Times 2012
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Still, don't take the teaser notices saying you are eligible for a home modification loan and, if you do refi, make sure you read the language and that someone didn't sneak in language that the refi is a home modification loan under the Making Home Affordable Program.
Denver Post: News: Breaking: Local nisperos 2010
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Still, don't take the teaser notices saying you are eligible for a home modification loan and, if you do refi, make sure you read the language and that someone didn't sneak in language that the refi is a home modification loan under the Making Home Affordable Program.
Denver Post: News: Breaking: Local nisperos 2010
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Still, don't take the teaser notices saying you are eligible for a home modification loan and, if you do refi, make sure you read the language and that someone didn't sneak in language that the refi is a home modification loan under the Making Home Affordable Program.
Denver Post: News: Breaking: Local nisperos 2010
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Still, don't take the teaser notices saying you are eligible for a home modification loan and, if you do refi, make sure you read the language and that someone didn't sneak in language that the refi is a home modification loan under the Making Home Affordable Program.
Denver Post: News: Breaking: Local nisperos 2010
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