When you refinance a mortgage basically you pay off your existing mortgage and create a new one. Sometimes you may even decide to combine both a primary mortgage and a second mortgage into a new loan. Refinancing may remind you of what you went through in obtaining...
If you have equity in your home then you can apply for a home equity loan at the same time as you refinance. If you expect some extra cash either now or down the road getting a home equity loan that is also known as second mortgage when you refinance it saves your...
