Mortgage Refinancing

Mortgage Loan have traditionally been a popular investment for financial institutions because of the great safety of such loans. During periods of rapidly rising prices, however, lenders may hesitate to tie up their money in mortgages. Interest rates soar during these periods of inflation, but most mortgages pay interest at a fixed rate throughout their term.

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FINANCE, money matters; the science or conduct of monetary business or affairs. Ex. The millionaire boasted of his skill in finance.
The system by which money matters, such as of a nation, state, or corporation, are managed. Management of government revenue and expenditure is called public finance.
REFINANCING, to finance again or anew, as by arranging new terms, or borrowing to settle notes.

Mark J. Riedy, Ph.D., Ernest W. Hahn Professor of Real Estate Finance and Director, Real Estate Institute, University of San Diego.
Source : World Book 2005