Refinancing is the process of replacing an existing mortgage with a new loan.
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Refinance means "take out a new loan to repay the existing loan".
Refinancing is replacing old loans with new loans and continue to pay off debts.
Loan refinancing is a civil act of its nature, and the commercial bank and therr erared in loan refinancing, not only to find thai ly that Hasthe is a tha iad oedd o'r o'r te'oed.
Let’s look at the typical steps you’ll take to refinance a personal loan.