Refi Safeguards glossary
Key terms
Safeguard
These terms help you judge refinance offers, each with a primary source. This is not a government website.
Last reviewed against the primary sources listed below.
- Loan churning
- Repeated refinancing that mostly benefits the lender. Source: VA Circular 26-18-30: Revisions to VA-guaranteed cash-out refinancing home loans
- Net tangible benefit
- A required benefit to the borrower. Source: VA Circular 26-18-30: Revisions to VA-guaranteed cash-out refinancing home loans
- Loan Estimate
- The lender's standard estimate form. Source: CFPB: Loan Estimate explainer
- Consumer complaint
- A report to regulators about a company. Source: CFPB: Consumer Complaint Database