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And when you pay off a loan with borrowed money the word for that is "refinance"
by fallingknife 3y ago
And when you pay off a loan with borrowed money the word for that is "refinance"
- nordsieck 3y ago> And when you pay off a loan with borrowed money the word for that is "refinance" Not really. If I buy a house with a mortgage, I wouldn't say I refinanced the house just because the previous owners also had a mortgage. Refinance is only used when the owner is the same across loans.
- deleted 3y ago[deleted]