A home mortgage refinance is when there is mortgage on a home you own, and you want another loan to pay off the second loan and still have some cash in hand.
If you own a home, it is easy to get home equity loans. As the name suggests, a home equity loan enables a homeowner to get a loan by using the equity of their home as collateral.
Buying your first home is like a dream coming true! It might be your most expensive purchase and something that will last a lifetime.