Mortgage Refinance: How Does It Work?
What Does Mortgage Refinance Mean? A mortgage refinance occurs when a homeowner gets a new mortgage loan to pay off the existing mortgage loan. Mortgage refinancing can be a long and difficult process so it's important to make sure you like and trust the lender you are working with. It's also important to remember that when you decide it's time to refinance your mortgage, it's a great idea to shop around and talk to different lenders in your area.