What is a mortgage refinance?A mortgage refinance replaces your current home loan with a new one. Often people refinance to reduce the interest rate, cut monthly payments or tap into their home’s equity. Others get a mortgage refinance to pay off the loan faster, get rid of FHA mortgage insurance or switch from an adjustable-rate to a fixed-rate loan.Let’s consider some important initial steps of mortgage refinancing — and then run through the process step by step.Need To Refinance Your Home Loan Today? Get the most competitive mortgage refinance rates by giving us a call, and speaking to one of our mortgage loan refinance experts: 757-663-5905