Refinancing can be tricky to understand if you don't know how it works! So today I will be breaking down HOW REFINANCING WORKS! Refinancing is extremely common and nearly everyone will probably refinance at some point in their lives so it's best to make sure you have the right understanding of it all! Let me know if the video has helped, and drop a comment below if there are any more topics that are a grey area to you and I'll try my best to cover it!

** Please note the calculations are to a rounded figure and not the exact figures.
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00:00 - Intro
00:08 - What is it?
01:36 - Refinancing
02:50 - Inflation

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