Difference between revisions of "Refinance"

From Open Risk Manual
 
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== See Also ==
 
== See Also ==
 
* [[Baloon Risk]]
 
* [[Baloon Risk]]
 +
* [[Refinancing Risk]]
  
 
[[Category:Loan Product]]
 
[[Category:Loan Product]]

Revision as of 15:00, 8 November 2021

Definition

Refinance is the process of replacing an existing Loan with a new loan, where the new loan will be used to pay out (retire) an existing loan, and that loan is not near or in default.

See Also