Beginners Guide to Refinancing Your Mortgage What You Should Know Before Refinancing. Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a better interest term and rate.. Home Mortgage Refinancing while in Bankruptcy.
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Refinancing – Wikipedia – Refinancing is the replacement of an existing debt obligation with another debt obligation. A loan (debt) might be refinanced for various reasons:. is consolidated into the home mortgage, the borrower is able to pay off the remaining.. In situations where the borrower has both a first and second mortgage, it is common to.
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