Process of taking out a lower-rate mortgage for short

Now we are looking on the crossword clue for: Process of taking out a lower-rate mortgage for short.
it’s A 53 letters crossword puzzle definition.
Next time, try using the search term “Process of taking out a lower-rate mortgage for short crossword” or “Process of taking out a lower-rate mortgage for short crossword clue” when searching for help with your puzzle on the web. See the possible answers for Process of taking out a lower-rate mortgage for short below.

Did you find what you needed?
We hope you did!. If you are still unsure with some definitions, don’t hesitate to search them here with our crossword puzzle solver.

Possible Answers:

Refi.

Last seen on: Daily Celebrity Crossword – 1/22/20 0
Wayback Wednesday


New Crossword clues and help App now available in the App Store and Google Play Store!
Crossword clues app Android Crossword clues app iphone iOs

Random information on the term “Refi”:

A remortgage (known as refinancing in the United States) is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. The term is mainly used commercially in the United Kingdom, though what it describes is not unique to any one country. Often the purpose of switching is to secure a more favorable interest rate from a different lender.

The process of remortgaging does not usually involve moving house or taking out a second mortgage on the property; it is in effect the transfer of a mortgage from one lender to another. Homeowners may choose to remortgage for various reasons, usually to reduce the overall monthly mortgage payment amounts. However, other reasons may include to reduce the size of repayments, to pay off a mortgage earlier, to raise capital, or to consolidate other more expensive short term debts.

Homeowners often misuse the expression remortgage when they are simply switching from one product to another with the same lender; this is not a remortgage which involves the removal of one legal charge over a property and its substitution with another in favour of a new lender.

Refi on Wikipedia