What is refinancing?

Alfreda
I just want to know what refinancing is. Also can I refinance on my house if I have average or a little better than average credit, but my brother who owns only 1% of the house has bad credit. Can I refinance and if I can will it be hurtful or better for me?

Jasmine
refinance if your total cost after refinance including all new loan payments and refinance charges are less than what would be for current loan. If you just want to get your brother off the loan to help your credit rating it may be you can pay your brother and sign a few documents without changing your rate... ask your lender.

Ardella
refinancing is changing the terms of the loanyes you can refinance but refinance under your name. buy your brother's 1% share refinancing is better for you

Isabella
to renew or reorganize the financing of