Table of Contents Expand Table of Contents Close When you buy a car using a loan or another type of financing from a private party or financial institution, the name of the lender is entered on the certificate of title as a lien holder. A lien is a legal right on some property granted to a creditor, which acts as a guarantee of an underlying obligation, such as the repayment of a loan on a home or a car. If that obligation is not satisfied, the creditor may seize the asset that is the subject of the lien. W ...

Well, refinancing a mortgage allows a homeowner to trade in their existing loan for a new one with better terms like a lower principal, interest rate, or monthly payment. But there is a cost to refinancing. Here to break down what homeowners can expect to pay, Yahoo Finance personal finance editor Laura Grace Tarpley.So, Laura Grace, what are some of the closing costs that people have to be aware of with refinancing. >> Hi, Julie. Yeah.So, like you just said, when you refinance your mortgage, what you're ac ...