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WebGenerally, home mortgage interest is any interest you pay on a loan secured by your home (main home or a second home). The loan may be a mortgage to buy your home, or a … WebRefinancing is when you replace an existing loan with a new loan. Mortgage refinancing allows a homeowner to borrow funds at a more … Web: to renew or reorganize the financing of something : to provide for (an outstanding indebtedness) by making or obtaining another loan or a larger loan on fresh terms … blackburn dme pittsburgh