Join date: Oct 31, 2022


What is a mortgage refinance and how does it work?

keywords: mortgage refinance, home loan refinance, how to get a mortgage

Refinancing a mortgage is a way for homeowners to change the terms of their mortgage and get a better deal at

A mortgage refinance is when you take out a new home loan, use the money from that new loan to pay off your existing home loan, and then take out a new loan with different terms. The most common reason for refinancing is to lower your monthly payment and make it more affordable.

You can also use refinancing as an opportunity to shorten or lengthen your term, which might be helpful if you're worried about rising interest rates in the future.


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