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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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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Who Should Get a Reverse Mortgage? (And Who Shouldn’t)
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Reverse Mortgage Credit and Income Requirements: What Lenders Look For
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Reverse Mortgage Costs and Fees: What You’ll Pay and How to Lower It
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How Reverse Mortgages Work: Step-by-Step Guide for Homeowners 62+
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How to Calculate Your Cash-Out Refinance Amount: Step-by-Step Guide
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Cash-Out Refinance After Bankruptcy or Foreclosure: Your Path Back to Home Equity
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Cash-Out Refinance After Divorce: How to Buy Out Your Ex and Keep the Home
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Cash-Out Refinance for Business Owners: Using Home Equity to Grow Your Company
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Cash-Out Refinance vs 401(k) Loan: Which Is the Smarter Way to Access Cash?
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Cash-Out Refinance vs Reverse Mortgage: Which One Makes More Sense?
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