Refi is short for refinance, obtaining financing through a new mortgage loan to pay off an existing one. There are two types: direct refi and cash-out refi. A refi should benefit the borrower by lowering their mortgage interest or providing access to capital at a lower interest rate. Refi is a term commonly used in […]

Refi is short for refinancing, obtaining financing through a new mortgage loan to pay off an existing one. There are two types: straight refi and cash-out refi. Refinancing should benefit the borrower and lenders should present financially favorable options. Refi is a commonly used term in the mortgage banking industry. Refi is simply short for […]