Core
Refinance
The process of replacing an existing mortgage with a new one
Full Definition
Refinance: The process of replacing an existing mortgage with a new one. Understanding this concept is important when navigating the mortgage process. NMHL loan officers can explain how refinance applies to your specific mortgage situation.
Why It Matters
Understanding refinance helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.
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Frequently Asked Questions
Refinance refers to the process of replacing an existing mortgage with a new one. This is an important concept in mortgage lending that affects how your loan works.
Understanding refinance can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.
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