What does it mean to refinance a loan?Correct Answer: Replacing an existing loan with a new loan, often at a lower interest rate ! Other People SaidTaking a break from paying it: 130 Consolidating debts without changing terms: 120 Replacing an existing loan with a new loan, often at a lower interest rate: 1023 Next Question: An example of a variable expense is:GroceriesMortgage paymentsCar loan payments
