Refinancing a home sounds like a complicated grown up thing, doesn’t it?
But the reality is that if you’ve bought a home with a mortgage, you’re more than capable of refinancing. (You won’t even need to call your mom or dad to help lead you through it.)
But first, what is refinancing a mortgage? Basically, refinancing is paying off your current home loan with a new mortgage loan. (Ideally one that comes with better terms to help you achieve your financial goals.)