Bankrate on MSN

Refinancing a mortgage: What it means and how it works

Everything you need to know about how, and when, to refinance your home loan.
Hosted on MSN

How does refinancing a mortgage work?

How does refinancing a mortgage work? A mortgage refinance swaps out your old mortgage with a new one, including a fresh set of terms and interest rate. It may or may not come with financial benefits, ...
AOL

Cash-out refinance explained: How it works — and when it can make sense

After years of building equity in your home, you might find yourself needing access to funds. Indeed, the average U.S. homeowner now has about $207,000 in "tappable" equity – that is, funds they could ...