Some loans, like home loans and car loans, give the choice to pay curiosity upfront. So you spend one or two yrs of interest abruptly at closing. This reduces just how much curiosity builds up later. The other sorts of refinancing include money-in refinancing and price and consolidation refinancing. These https://www.linkedin.com/pulse/how-can-you-reduce-your-total-loan-cost-usama-ayub-ym2df