Introduction: What is Mortgage Refinancing?
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Mortgage refinance is a type of home equity loan. It is a way to get cash from the equity in your home. You can use the money for any purpose, such as paying off credit cards and car loans, or making home improvements.
A mortgage refinance is different from a home equity loan because it does not require you to pay interest on the money you borrow. With a mortgage refinance from https://mortgagerefinancecalgary.ca, your monthly payment will be lower because you are paying off more of your original loan each month.