Free community listings
Posted on ListSomething.com
Renewal of existing mortgage loan against property
- From: vertuitymortgage201@gmail.com
- Posted: 04/26/2016 06:13PM
- City: Winnipeg
- State: MANITOBA
- Phone Number: 2048884663
- Keywords: mortgage companies, mortgage refinance, mortgage
- Description:
- Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms. If the replacement of debt occurs under financial distress, refinancing might be referred to as debt restructuring, A loan (debt) might be refinanced for various reasons: 1. To take advantage of a better interest rate (a reduced monthly payment or a reduced term) 2. To consolidate other debt(s) into one loan 3. To reduce the monthly repayment amount 4. To reduce or alter risk 5. To free up cash (often for a longer term, contingent on interest rate differential and fees)
