What is a mortgage “refinance” and how does it affect me?

Refinancing a Home is one of those things where people understand what it is but have trouble explaining How it works. To put it simply, refinancing your Home allows you to access the equity you have built up, by changing the mortgage amount. Let’s say you bought a $300,000 condo and you paid 20% ($60,000) … Continue reading What is a mortgage “refinance” and how does it affect me?