100 mortgage refinance is like a second mortgage or remortgage.  When you initially take out a mortgage, over a period of time you will generally acquire an amount of equity in the property which grows as house prices increase.  This means that you may for example, pay 100k for a property, and after 10 years, you may have cleared a quarter of the debt.  100k – 75k, means in theory you have 25k in equity sat in the property, which is 25% or a quarter of the value.

This money will remain tied up in the property unless you do something else.  This is where 100 mortgages refinance comes in handy.  It allows you to access this equity in the property and so you can use it for other investments, home improvements, holidays or other spending choices which you may have.

Funds and equity in 100 mortgage refinance properties will remain eventually owned by the mortgagee if they do not release this equity and 2nd mortgage refinance their home in the meantime. 

Not all banks and lender will offer such refinancing options as 100 mortgage refinance and the interest rates charged upon the mortgage may of course increase as the level of risk goes higher.