Can I refinance with a mortgage?

Of course, if you have a mortgage, you can continue to borrow it, as long as the income is directly proportional to the expenditure. Of course, if you want to borrow money, the interest will definitely be higher than your mortgage, because the mortgage interest is stipulated by the state and will not fluctuate too much.

If you have a mortgaged house, it is recommended to make a decoration loan. Interest is relatively low, you can go to the local bank outlets for consultation.

The simple and popular understanding of loan is to borrow money with interest.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them.

Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans.

It can meet the needs of social expansion and reproduction for supplementary funds and promote economic development. At the same time, banks can also obtain loan interest income from it and increase their own accumulation.