Question: what does it mean to refinance a building

title: Refinancing
text: Refinancing is the replacement of an existing debt obligation with another debt obligation under different terms . The terms and conditions of refinancing may vary widely by country , province , or state , based on several economic factors such as inherent risk , projected risk , political stability of a nation , currency stability , banking regulations , borrower 's credit worthiness , and credit rating of a nation . In many industrialized nations , a common form of refinancing is for a place of primary residency mortgage . 

Answer: answer: Refinancing is the replacement of an existing debt obligation with another debt obligation under different terms. In many industrialized nations, a common form of refinancing is for a place of primary residency mortgage.