Photo by Gus Ruballo

Fundamentals: Refinancing a Home Loan

I recently bought my second home, and while browsing online and listening to sports radio I started to hear rumblings about mortgage interest rates being low. I sent a text to my mortgage broker and asked what truly was available to me and it was in fact true. I could save money and get a lower interest rate on my mortgage if I refinanced. But what does that mean?