Is a refi and remortgage the same? Why are their two terms?
Is there a reason to have the two terms by jenellis@gmail.com from Anaheim, California. Jun 7th 2011
Chris Gummerson (cgummerson11)
#397 ranked lender in California - 648 contributions
I have not heard the term remortgage. I dont believe this is a term used widely. A refinance is just that. There is reaffirmation such as after a BK. There also is a difference between a mortgage and a deed of trust.
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