What happens before a refinance loan is funded?

Answer With refinancing, a mortgage lender pays off your existing mortgage and replaces it with a new home loan, which usually features lower monthly payments.ConsultationA bank will discuss your needs fo... Read More »

Top Q&A For: What happens before a refinance loan is funded

What is a refinance loan?

Finance refers to the circulation of money by granting credit and making investments through the bank's established, according to the Merriam Webster Dictionary. Refinancing is renewing a previousl... Read More »

What does it mean to refinance a loan?

Refinancing a loan means getting a new loan to pay off an existing one while using the same collateral source. Reasons for refinancing can include switching from an adjustable-rate mortgage to a f... Read More »

How do I refinance a car loan?

While many consumers get deluged with information almost daily regarding refinancing options for their home mortgage, another refinancing option goes largely unnoticed. Automobile refinancing is an... Read More »

How soon can i refinance my car loan?

On One Hand: As Soon as You WantYou are allowed to refinance your car loan at any time. If interest rates have fallen since you first financed the purchase of your car, you may be able to save a si... Read More »