Are you considering refinancing your home or car loan but have no idea what it means or how it works? In this episode, we break down the basics of refinancing and explain how it can benefit you financially. We'll cover the different types of refinancing, the factors to consider before refinancing, and the step-by-step process of refinancing your loan. Whether you're looking to lower your monthly payments, reduce your interest rate, or access cash from your equity, refinancing may be the solution you've been looking for. Tune in to learn more about this powerful financial tool and how it can help you achieve your goals.

00:00 Start

01:08- What is a refinance?

03:19 - How much does it cost?

05:07 - CMG's Rate Rebound Program

09:21 - Pulling out cash from the equity in your home

09:55 - clip on cash out

14:34 - Using some of the equity in your home to buy another property

19:41 - Short term rentals

23:13 - Long term rentals

27:23 - Have the conversation with your mortgage professional about the potential to refinance

28:55 - Connect