How can second mortgages and home collateral loans vary from refinancing? Each other refinancing and you will home collateral funds offer you a method so you’re able to borrow against the brand new collateral you have got accumulated with your domestic. Once you choose to refinance, the dated home loan was changed by yet another one to, usually on a reduced rate of interest. Concurrently, a house equity financing try a different sort of mortgage that delivers you bucks that […]