You’re preparing to buy a house, and you thought you knew all the real estate jargon. A mortgage is a type of loan used to purchase a home, closing is when the sale of the property takes place, and a lien is an unpaid debt on a piece of property. Check, check,...
Refinance – to finance something again usually with a new loan amount at a lower interest rate. (Oxford English Dictionary, 2022) Things that can be refinanced are car loans, students loans, and home, or mortgage, loans. During financial uncertainty, you might...
