Genuine Estate Funding : What Is Refinancing a Household?

To refinance a residence, take a look at a home loan broker, give facts on profits and credit history scores, ask for a quotation, and make guaranteed the closing expenses are fair. Refinance a residence if your economic circumstance changes in order to preserve income with assistance from a home loan expert in this free of charge online video on residence financing.

Qualified: Stetson Lowe
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Bio: Stetson Lowe is a credit history mend skilled. Recognised as the “home loan insider,” Lowe helps rising credit history scores for the most demanding of clientele.
Filmmaker: Paul Kersey


  1. Ok, so where does the money come from? I mean suppose i buy a house for 100 thousand dollars, than a year later the house is worth 500 thousand dollars. & I want to Refinance my home, does that mean i'd be able to touch some of that money? the "profit" i guess you can call it, that extra value that acumulated since I originally purchased the home? If so, is that my money? Where does that money come from? Is it a loan? how does the bank make money on refinancing? explain please! gotta know this

  2. hey, So i still don't understand. what does refinance mean exactly?

    I was reading a book on realestate & it said anytime you want to Pull money out of a property, don't sell it, but Refinance it.

    Than some other dude was telling me how our neighbor got into realestate, first bought a home, than refinanced it & w/the money bought another home, than refinanced again & bought an apartment building. Now where does that money come from?

    I'll post my second part of this question


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