When refinancing, you are basically asking the bank to set aside your current mortgage and then loan you the money you currently owe on your home all over again. So, if you originally borrowed $150,000 for your home purchase and since then have paid enough so that you currently only owe $100,000 on your mortgage, to refinance means to set aside that original loan and ask the bank to lend you that $100,000 as a fresh loan.

This 70 Page Ecourse is available for immediate download as a pdf file and can be viewed on a computer screen using the Adobe Acrobat reader. The Ecourse can also be printed out.