refinanced
Replaced old debt
Refinanced is the past tense of refinance—to replace an existing loan with a new one, typically to secure better terms.
People refinance mortgages when interest rates drop: We refinanced the house and saved three hundred dollars a month.
Businesses refinance debt to extend repayment periods or reduce costs.
Price paid for borrowing
- closing costsFees finalizing property purchase
- appraisalEstimation of worth
- equityImpartial treatment or ownership value
- underwritingRisk evaluation and acceptance
lender · fixed rate · adjustable rate · prepayment penalty · escrow · title insurance · origination fee · rate lock
Combining into unified whole
- restructuringRearranging an existing framework
- repayment planTerms for returning borrowed funds
- debt managementOrganizing repayment of obligations
- balance transferMoving debt to another account
settlement · negotiation · liability · secured debt · unsecured debt · debt relief · credit counseling · payoff
Government-issued borrowed funds
- private loansNon-federal borrowed funds
- loan servicerManages repayment on borrowing
- defermentAuthorized delay of obligation
- forbearancePatient self-control, delayed enforcement
consolidation · variable rate · fixed rate · grace period · tuition
Cost of borrowing money
- APRYearly borrowing cost
- rate reductionDecrease in charges
- rate lockFrozen lending percentage
- market conditionsEconomic factors affecting trade
Federal Reserve · prime rate · basis points · break-even point · savings · comparison shopping
Borrowed money for wheels
- vehicleMeans of transport
- dealerOne who sells goods
- trade-inCredited used goods
- negative equityOwing more than owned
depreciation · title transfer · payoff amount · credit union · car payment · extended warranty
interest rates
Price paid for borrowing
- closing costsFees finalizing property purchase
- appraisalEstimation of worth
- equityImpartial treatment or ownership value
underwriting · lender · fixed rate · adjustable rate · prepayment penalty · escrow · title insurance · origination fee · rate lock · homeownership
consolidation
Combining into unified whole
- restructuringRearranging an existing framework
- repayment planTerms for returning borrowed funds
- debt managementOrganizing repayment of obligations
balance transfer · settlement · negotiation · liability · secured debt · unsecured debt · debt relief · credit counseling · payoff · monthly payment
federal loans
Government-issued borrowed funds
- private loansNon-federal borrowed funds
- loan servicerManages repayment on borrowing
- defermentAuthorized delay of obligation
forbearance · consolidation · variable rate · fixed rate · grace period · tuition
interest rate
Cost of borrowing money
- APRYearly borrowing cost
- rate reductionDecrease in charges
- rate lockFrozen lending percentage
market conditions · Federal Reserve · prime rate · basis points · break-even point · savings · comparison shopping
car loan
Borrowed money for wheels
negative equity · depreciation · title transfer · payoff amount · credit union · car payment · extended warranty
- redemptionredemption arc, redeemed, forgiven, saved, moral redemption
- account statusactive, inactive, open, closed, current
refinancedpaid off
Yielded a positive result
settled · discharged · liquidated · cleared · satisfied
- refinance loanNew loan replaces old
- debt refinancingReplacing existing obligation with new terms
- refinancing optionsLoan replacement possibilities