How does refinancing work?

[Bradley Palmer]

Hello everyone,

Ok, so I hear about people refinancing their properties, to get money for more properties all the time. How exactly does this work? How do I make money by refinancing? For me I'm thinking about refinancing my current house so that I may free up VA loan benits for a new peace of real estate. Are there more benefits to refinancing than just freeing up the benefits of a certain type of loan? Any and all help is appreciated. Thank you very much for your time and I hope you have a wonderful day!