refinance :

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refinance

ree fuh nans

  • v  renew the financing of

  • People ages 45 to 59 are the most likely to refinance, according to Demos, a nonprofit public-policy organization in New York City.
  • The federal housing agencies Fannie Mae and Freddie Mac will refinance loans they hold or guarantee, even if borrowers owe more than their house is worth up to 105% of the value .
  • These families are unable to sell their homes, and unable to refinance them.
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