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What is Refinancing?

Refinancing refers to the process of replacing an existing loan with a new one, typically with the goal of getting better terms for the borrower. This is commonly done with mortgages for benefits like: the new loan has a lower interest rate, a shorter term or allows the owner to access equity.

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Sunset over the plains
Sunset over the plains

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You are Question is out of context. That's why I dont know. But I will guide to you after searching on google and Wikipedia.

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