LA Times Crossword Clue Get a better rate, for short Answers Solved May 09, 2024

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LA Times Crossword Clue Get a better rate, for short

The LA Times crossword clue "Get a better rate, for short" suggests a term that means obtaining a more favorable interest rate, typically used in financial contexts. It is like a short word or abbreviation that signifies the action of refinancing or renegotiating terms to achieve a better rate, often related to loans or mortgages. This clue directs your focus to a term commonly used in discussions about improving financial terms and conditions.

Hints

Check out the hints below to find the answer to this

• Abbreviation for a financial term.
• It involves renegotiating a loan or mortgage.
• Aims to obtain more favorable terms or lower interest rates.
• This is commonly done to save money on monthly payments.

Answer

The answer is REFI

Explanation

The answer to this clue is "Refi," short for "refinance." It is a process where a borrower replaces an existing loan with a new one, typically to get better terms, lower interest rates, or change the loan's duration. The crossword clue "Get a better rate, for short" refers to a financial term related to improving the terms of a loan or mortgage.

By refinancing, borrowers aim to save money on interest payments, reduce monthly payments, or adjust their loan structure to better suit their financial goals. Refinancing is common in the mortgage industry, where homeowners may refinance their mortgages to take advantage of lower interest rates or adjust their payment schedules.