subject: All About Refinancing A Second Mortgage [print this page] Before signing up with anybody for refinancing a second mortgage, it's wise to take time to look over all the terms of the refinance once more. The borrower must ensure that the required installments is affordable, and must also find out precisely what may happen if installment is not paid. If the borrower is happy with all the terms, it's okay to sign on the dotted line and start enjoying the rewards of the refinance.