Pronunciation /ËpÉËfÉªkt/. 1  1Having all the required or desirable elements, qualities, or characteristics; as good as it is possible to be. âlife certainly isn't perfect at the momentâ. 2  2attributive Absolute; complete (used for emphasis) âa perfect strangerâ. âall that Joseph said made perfect sense to meâ. 3  3Mathematics.
You can refinance the other person off the loan as long as you can show proof of 12 full months mortgage payments being made by you. The 12 months payments must have been made from an account that is not joint with the other borrower.
Talk to a loan officer at the bank to find out how much you can save. The interest rate and length of the loan will affect your monthly mortgage payment. Low mortgage refinancing rates could save you thousands of dollars over the life of your mortgage and still allow you to pay lower monthly payments.Holden Lewis, a financial adviser for Bank Rate, suggests discussing the possibility of refinancing the loan for a shorter term if your budget can afford it.etermine whether you may qualify for a refinance loan. Ask your lender how much you owe yet on the original mortgage. Next, find out how much your house is currently worth.