Getting a new mortgage to replace the existing one is called refinancing. Refinancing is done to allow the borrower to acquire benefits from a lower interest term and rate compare to existing one, change to a better mortgage product, get the additional cash out to proceed with the property improvement or purchase another new property. Sound very exiting right?
Well, the process of refinancing is quite similar to applying for a new mortgage. The steps to refinance your mortgage as following; (assuming you are qualify for refinancing)
To read the full article, please visit What Is The Steps To Refinance Your Mortgage
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