Home Loan Refinance is not a process of changing or adjusting
your existing mortgage. A home loan refinance is actually
taking out a new mortgage and using the money to pay off your
current mortgage and possible receiving cash back at closing
depending on your loan situation.
With a home loan refinance you will need to fill out an
application and undergo a credit check, title search, appraisal,
inspection and so on. Also, with a home loan refinance you
will once again incur closing costs, as with your first home
Depending on your situation, a large portion of these costs can
be wrapped into the home loan, so you don't have to lay out a
lot of cash up front. Compare free multiple home loan
refinance quotes with no obligation today!