Is It Better to Reprice or Refinance a Loan?
by Jeff Somers from Lifehacker on (#5W88P)
Most people know that you can refinance a loan, which involves getting a new loan at better terms and paying off the old loan. Refinancing is most commonly associated with home mortgages, but you can refinance any loan as long as the terms allow for it and you can find a better deal. Refinancing a mortgage is so...