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

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

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

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

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