"refinancing loan" is a grammatically correct phrase that is frequently used in written English.
It refers to a loan that is taken out to replace an existing loan, often with better terms or a lower interest rate. Example: John decided to take out a refinancing loan to pay off his high-interest credit card debt.
New mortgage and refinancing loan volumes fell nearly 19 percent, to $265 billion, at the end of the second quarter, down from $325 billion in the first quarter, the lowest since 2008, according to Inside Mortgage Finance, an industry newsletter.
In each of the first five weeks of 2001, refinancing loan applications nationwide have not fallen below 54.6percentt of total family home mortgages, soaring to 64.1percentt in the week that ended on Jan . 12
FICO, one of the biggest credit scoring systems, tends to be an imperfect indicator of creditworthiness, so Neo's underwriting technology assesses realtime credit risk based on numerous resources, refinancing loan applicants to as little as 6percentt rates.
Bank officials testified on Wednesday about refinancing loan applications the McDonnells, or the former governor and his sister, had made on properties including two rental houses in Virginia and a home in the Blue Ridge Mountains.
"But nobody should ever take out a refinancing loan unless there is some current benefit".
The refinancing loan on the house eventually came through, and her daughter, Razia, is doing O.K., but the experience of being fired has had lasting psychological effects.
This is happening largely because they are refinancing loans made when interest rates were higher.
They have played for time by refinancing loans to struggling property developers ever since the 2008 housing bust.
As applications for new-home loans have fallen almost 8percentt since Sept. 11, refinancing loans have surged.
CitiFinancial will also be split into two parts, one offering personal, home equity and refinancing loans, and the other handling loan modifications and restructuring, Citigroup said.
77% of the sub-prime loans made were refinancing loans made to people who had built up equity in their homes.
