When refinancing, are you refinancing the balance of current mortgage or the value of the home?
katlover asked: I’m 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 home? EX: my current loan was for $89,900 but i owe $79, 500.The value of my home was appraised [...]