Refinancing is the process of paying off one loan with the proceeds from a new loan secured by the same property. This is most often done to get the better interest rates offered by the new loan.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). refinancing. Retrieved September 22, 2026, from http://smartdefine.org/refinancing/definitions/1162006 |
| Chicago | Barry Goldsmith. 2010. "refinancing" http://smartdefine.org/refinancing/definitions/1162006 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, refinancing, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/refinancing/definitions/1162006>. |
| MLA | Barry Goldsmith. "refinancing" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/refinancing/definitions/1162006> |