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Refinance

usgb/ˌriːˈfaɪnæns/Volume
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Financial DecisionPlay
Refinancing is a financial strategy to save money or adjust payment terms. SlideThey chose to refinance their loan to reduce the monthly payments.
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Interest RatesPlay
Refinancing is common when interest rates fall to secure lower rates. SlideTo take advantage of lower interest rates, Sarah decided to refinance.
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Improved TermsPlay
Refinancing aims to negotiate better loan terms, like duration or payment structure. SlideJohn hopes to refinance his mortgage for a shorter term and save on interest.