What is Mortgage Refinancing?

Back to learn

What is mortgage refinancing?

Rounding it up

  • Refinancing your mortgage is when you replace your original mortgage with a new one.

  • You can refinance to change your interest rate or loan term.

  • Refinancing can bring down your monthly payments, reduce your overall interest payments, or let you access your home’s equity.

  • Refinancing is not always the way to go; do some calculations beforehand to confirm if it’s right for you.

7 min read

Cedric Jackson
#mortgage#loan#mortgage refinancing#interest rates

Cedric Jackson

Cedric Jackson is a crypto writer, sharing his experience to educate and inform people about Bitcoin, cryptocurrency, and blockchain technology, aiming to provide a global perspective on the events shaping the development of the new crypto economy.

Recent Articles

What effects do low interest rates have on the economy?

Should your spending change when interest rates rise?

Which assets do well with rising interest rates?

How do interest rates impact the stock market?

Why Instant Pay is becoming more popular during inflation

What are the pros and cons of inflation for consumers?

Related articles

What effects do low interest rates have on the economy?

5 mins

Dan Bucherer

You’re likely tempted to take advantage of low rates, but how do they affect the economy?


What effects do low interest rates have on the economy?

5 mins

Dan Bucherer

You’re likely tempted to take advantage of low rates, but how do they affect the economy?


#interest rates

#Bank of Canada

#economy

logo.koho

Company

AboutCareersCultureGamerLearnPartnersTravelStatus

Connect

The KOHO Mastercard® Prepaid card is issued by KOHO Financial Inc. pursuant to license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

By using this website, you accept our Terms and Conditions. Follow these links for more information on our Privacy Policy, Accessibility Policy and Multi-Year Accessibility Plan. © 2022 KOHO Financial Inc.