Refinance
Refinancing refers to the process of replacing an existing loan with a new loan that has better terms or a lower interest rate. This can be a useful strategy for borrowers who have improved their credit score, have built up equity in their home or other asset, or are looking for a way to lower their monthly loan payments. Continue Reading Below
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Discover the definition of financial terms related to refinance.

What is a Home Equity Investment Agreement (HEA/HEI)?
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Non-Recourse Loan: How It Works vs. Recourse Debt
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Minimum Payment: What It Is and Why Paying Only It Costs You
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Unsubsidized Loan: How It Works vs. Subsidized
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Parent PLUS Loan: Rates, Requirements, and Repayment Options
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Student Loan Rehabilitation: How to Remove a Default from Your Credit Report
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Credit Card Payoff Calculator: How to Calculate Your Payoff Date and Total Interest
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Loan to Value (LTV): Definition, How It's Calculated, and Why It Matters
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Balloon Payment: Definition, How It Works, and Pros and Cons
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Student Loan Deferment: Options, Impact & Alternative Strategies
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Learn About Refinance
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Can You Refinance Your Home After Bankruptcy?
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Best Auto Loans For Bad Credit in 2026
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How to Get a Cosigner for a Car Loan (and When It Makes Sense)
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How to Get Preapproved for a Car Loan: A Step-by-Step Guide to Better Rates
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Auto Loan Terms Explained: APR, Loan-to-Value, Prepayment, and More
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How Credit Card Interest Works: APR, Daily Rates, and What You're Actually Paying
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What Happens When You Default On Your Student Loans? And What You Can Do To Avoid It?
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Consolidation Options for Federal and Private Student Loans
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Biden Student Loan Forgiveness: What You Should Know
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No Private Student Loan Forgiveness Options? Here's 5 Alternatives
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How to Calculate Your Monthly Payment With An Income-Driven Repayment Plan
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