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Is refinancing still called refinancing even if you already paid off the old mortgage and own the house?
When you pay it off, is that called unfinancing, or what? and if you get a new mortgage later, is that called refinancing even though it is a new mortgage? are the terms and rates ...
When refinancing, are you refinancing the balance of current mortgage or the value of the home?
I am considering refinancing but am a little confused about the process. i cant figure out if i would be refinancing my balance or if the new loan would be for the value of the ho...
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