on April 27, a blaze at the beige Victorian house at 19 Nye St. At 10:40 p.m. lit up a neighbourhood littered with boarded-up homes on the north side of New Bedford, Mass. It left charred wood and melted vinyl siding on the three-storey structure ... A refinance loan generally means paying off your original mortgage by signing a new loan. Your refinance mortgage loan acts like your typical mortgage loan. That means that you pay most of the same costs you paid to get your original mortgage.