What the Bank has to weigh up next weekInternational Herald Tribune, France -16 minutes agoMany analysts are now predicting sharper falls by the end of the year as mortgage approvals have dropped dramatically as cash-strapped lenders tighten up ... A refinance mortgage 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.