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 loan.

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!