Refinance or refinancing is the process of acquiring a new mortgage to pay off the balance of an existing mortgage. Typically the new mortgage comes with better terms and condition. Also called as Refi. Here are some typical scenarios, usually when people consider refinancing: When there is a lower interest rate offer Borrower’s will to … Read more

Refi bubble


Refi bubble is referred to such a period when a significant number of existing mortgages are refinanced to take advantage of the drop in interest rates. A typical refi bubble is seen in the Real Estate market for home mortgages. According to Federal Reserve Bulletin in 2001 – 2003 an incredible number of mortgages are … Read more



Referendum is a direct election system where the entire electorate is asked to vote on a specific issue generally having two alternative options to choose. Alternatives simply tell either to Accept/say Yes or to Reject/say No to the proposal. Generally, a referendum is called to decide over an issue of massive public interest, when the … Read more