Once you refinance your mortgage, you only pay from your current mortgage because of the substitution it that have a good brand new one Faq’s(FAQ) Household security ‘s the value of your residence minus any kept mortgage payments. When your residence is valued at $300,000 and you also owe $200,000, the security is actually $100,000.… Continue reading Once you refinance your mortgage, you only pay from your current mortgage because of the substitution it that have a good brand new one