What Does Refinance Mortgage Mean?

Refinancing is the process of acquiring a new mortgage for the purposes of replacing your old one. Most of the time, people conduct refinance their mortgage for the purposes of getting better deals and rates on their properties. The main aim of refinancing is to pay off the first loan then creating a second as opposed to acquiring a new mortgage and disposing of the original. If you have a good credit history, refinancing can…

"What Does Refinance Mortgage Mean?"