What Is A Refinance And How Does It Work? | Rocket Money
https://www.rocketmoney.com/learn/homeownership/what-is-a-refinance-and-how-much-money-can-it-save-me
WEBDec 29, 2022 · A refinance is a process that allows you to replace your current mortgage loan with a new one, typically one that has better terms. Your lender uses this new loan to pay off the old one, so you will still only have one payment to take care of each month. People typically refinance their mortgages for a number of reasons.
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