The term 'Loan Option, Briefly' is a crossword solution that can be answered with the four-letter word 'REFI'. Refinancing is a loan option that allows borrowers to replace their existing loan with a new loan that has different terms. This process can be beneficial for borrowers as it can help them save money by reducing their interest rate or monthly payments. Refinancing can also be used to consolidate multiple loans into one loan, making it easier to manage payments.