If you need money, you can choose the equity in your home, ask what is best for you pay your mortgage or home loan. The truth is that both have their advantages but probably the best for your situation than others. This means that some everybody knows how to make your mind. Here are a few differences between mortgage refinancing two. A a mortgage on the first part. This may be a good way of doing things, especially when the interests of refinance, get at least one percent two percent is preferable less than the current mortgage rate. This will not only come to the capital, but also save thousands of dollars, resulting in better interest rates, capital too. you a lump sum in cash when the loan was approved to go. All you need is the amount of the mortgage, which is still ongoing and refinance add the amount of money you want in equity. You want to see and ensure that all refinancing of an amount equal to 80% of the value of your home and that includes stocks. The reason is simple, we want to ensure that 20% of the value of your house is intact, then you do not have to pay private mortgage insurance. This can add thousands of dollars per year payments. You additional savings when you decide to take short term. If the rest of the loan within five years must now be refinanced, saving you thousands of dollars more than the home loan mortgage. A to save lives is another way to make money honestly as you want. A mortgage is a second mortgage, and you may be able to make a mortgage variable or fixed rate mortgages. Obviously not necessary to refinance the mortgage in the first place, a new monthly payment and the money you want. If a second mortgage will also be closing costs and other expenses with the possible exception of that for now lender. The rate will be higher than a first mortgage at a mortgage. interest rates and the amount of income depends primarily on the credit rating and ability to repay the loan. Check your credit report is correct before applying. If there are inaccuracies in the report that hurt you and offer an interest rate higher than anything else, or even accept rejected. Before home loan or a home equity loan or mortgage , shop around for the best deal. It will take some time to get it right but youre the one who benefit from the savings. Consult the various properties, such as interest, fees and conditions with monthly cash payments choice is yours. Can be summarized as a practice you want to refinance their existing mortgage or second mortgage available Both have their advantages, but only you can decide what is best for you.