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Refi

Refi (refinance) involves a situation when a borrower (e.g., a mortgagor) takes out a new loan, such as a mortgage...

    Refinance

    Refinance involves a situation when a borrower (e.g., a mortgagor) takes out a new loan, such as a mortgage loan,...

      Reverse Mortgage

      A mortgage that is collateralized with a mortgagor's home equity, while a mortgagee (a lender/ lending institution) makes regular payment...

        Mortgagor

        The borrower in a mortgage, i.e., the party to a mortgage loan that is extended credit by the mortgagee (the...

          Mortgagee

          The lender in a mortgage, i.e., the party to a mortgage loan that extends credit to another party, the borrower...