How Does Refinancing a Home Work?

refinancing

I have owned my home for approximately 7 years now. I am interested in refinancing but am not sure how the process works. My home needs major repairs and a possible addition to it. I have heard of refinancing with cash back but have no clue as to how that works. I would also not want my current mortgage payment to go any higher…can anyone help?

Refinancing a Home When You Live in India Now?

refinancing

I rent a home in California and the owners now live in India, they came back a few weeks ago to look at house..and today there was an appraiser that came by to look at the house..the owners stated they were not comming back to the states to live..so my question is how can a homeowner refinace their home when they don’t even live here any longer..so is it okay to pull out the cash and live on it outside this country…too me this just shows how simple it is to ***** over our logic.