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Resources > Glossary > Refinancing

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2


Phonetics: re·fi·nanc·ing   \'rē-fī-'nan-sing\

Function: verb

Refinances create a lot of work for signing agents as there are many notarized documents in all refinances. At a minimum, every refinance has a mortgage or deed of trust which is required to be acknowledged before a notary public.

Infinitive: to refinance

Present Tense: refinanced

Past Tense: refinances

Present Continuous: refinancing

Definition 1:
The process of paying off one loan with the proceeds from a new loan using the same property as security.