ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Urgency of Refinance , The demand of Time

Updated on February 4, 2014

Why Refinance important?

What is Refinancing

Refinancing is the replacement of an existing finance with a finance under different terms and conditions.

If the replacement of debt happened for financial distress of a business or person or institution, it is also referred to as debt restructuring.

Now a days leaders of the richest countries have urged for refinancing. So, it is now demand of time.

A loan is refinanced for any of the following reasons:

  1. To take advantage of a better interest rate, in case of change of interest rate
  2. To consolidate other loans into one loan, for multiple finance
  3. To reduce the monthly repayment amount or installment, rescheduling
  4. To reduce or alter risk of finance
  5. To free up cash, etc.

Obama Anounces the New FHA Short Payoff Refinance

Now might be a good time to refinance

Project report for refinance

You might need a project report for getting a refinance from any financial institute.

You may get it from professional consultants.

Comments

    0 of 8192 characters used
    Post Comment

    • Leptirela profile image

      Leptirela 6 years ago from I don't know half the time

      Good hub:)

    • wholesaletoys profile image

      wholesaletoys 6 years ago from El Monte, California

      You put allot of effort into your Hub. Nice Work.

    Click to Rate This Article