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 how does refinance work, refinance

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pinksapphire
post Apr 25 2019, 05:09 PM

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Refinancing always confuses me...but I think I'm slowly getting it

Basically getting more money in hand to do those activities mentioned above but at a higher interest over time (which they don't care since present moment is more important), is this correct?
pinksapphire
post Apr 25 2019, 07:17 PM

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QUOTE(Pac Lease @ Apr 25 2019, 06:35 PM)
You are correct. some of the client might not be concern on the higher interest rate because they just wanna to get cash out to settle their financial problem or for business capital.
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Thanks for the clarification! smile.gif

 

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