Trading Markets (press release), CA -2 hours agoAs home values stopped rising, homeowners who might have been stretched to pay their mortgages couldn't refinance for more reasonable payments. OceanFirst Financial Corp., stung by subprime loans, is profitable ...... 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.