2Nd Mortgage Refinance

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Mortgage Definition

–noun
1. a conveyance of an interest in property as security for the repayment of money borrowed.
2. the deed by which such a transaction is effected.
3. the rights conferred by it, or the state of the property conveyed.
–verb (used with object)
4. Law. to convey or place (real property) under a mortgage.
5. to place under advance obligation; pledge: to mortgage one's life to the defense of democracy.

From Dictionary

Refinance Definition

–verb (used with object), -nanced, -nanc⋅ing.
1. to finance again.
2. to satisfy (a debt) by making another loan on new terms: She just refinanced her mortgage.
3. to 1ac increase or change the financing of, as by selling stock or obtaining additional credit.

From Dictionary

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