Can someone break down how refinance works on a home
I've heard that by refinancing on a home, one could end up keeping the equity of the home. Maybe I'm wording of wrong.
On other words if I bought the home for let's say $100,000 and now the home is worth $140,000.
If I refinance at $140,000 can I pay back the full $100,000 and end up keeping the remaining $40,000?