Compare Costs, Rates and Options From Multiple Mortgage Companies at No Cost or Obligation!
Need help with a quote? Call 1.866.677.4580
What is Refinancing
Mortgage refinance is when an individual takes out a new and or second loan to take the place of one already in existence. When refinancing a mortgage, a new mortgage loan is issued literally replacing the old one. More often than not people refinance because the have an opportunity to get a reduced interest rate on the mortgage principal balance. People also refinance to consolidate two or more existing loans and also hopefully reduce the interest rate.