Refinancing a mortgage explained in simple, easy to understand terms. If you've got a mortgage and have thought about refinancing, here's what you need to know. In this video, I explain the concept of refinancing a mortgage, tell you about the three different types of mortgage refinancing options, and teach you how to identify whether or not refinancing your mortgage is going to be a good option.

Have you ever refinanced a mortgage before? What was your experience like? Let me know in the comments.

Special thanks to Grace Maxwell (NMLS#: 1641415) from George Mason Mortgage for answering my questions about mortgage refinancing. If you're thinking of refinancing in the state of Virginia, I highly recommend connecting with her.

Here's the link to contact Grace: https://www.gmmllc.com/grace-maxwell/

Check out the Practical Personal Finance Podcast: https://practicalpf.buzzsprout.com/

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FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor. Practical Personal Finance accepts no liability whatsoever for any losses or damages arising from your own personal financial decisions. You are advised to consult with your financial advisor, tax professional, or attorney regarding any and all financial decisions involving your own income and taxes.