Back to Guides
What should I check before relying on future refinancing?
An agreement ending with a remaining amount needs a plan that does not assume another lender will approve it.
Future income, terms and credit availability can differ from today's.
Read the maturity obligation on its own and distinguish a possible later option from a contractual commitment. A website's scenario is not a promise that replacement credit will exist.
Open the loan comparison guides
Definitions
- Security
- Asset or interest supporting an obligation under the agreement, with consequences determined by its terms and applicable law.
- Guarantor
- Person who takes on obligations described in a guarantee; the extent of liability must be read in that agreement.