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2. Cash-out refinance explained: How it works — and when ... - AOL

   www.aol.com/finance/what-is-cash-out-refinance...

   By refinancing to a lower rate of 6% with a 30-year term, here's how a cash-out refinance for $250,000 could work. Approval for new mortgage: $250,000 at 6% for 30 years — monthly payment: $1,778

3. Mortgage refinance: What is it and how does it work? - AOL

   www.aol.com/finance/mortgage-refinance-does...

   To refinance a mortgage, you’ll pay between 2 and 5 percent of the loan amount in closing costs, so if you’re refinancing to save money, you’ll need to calculate your break-even point.

4. Cash-out refinance vs. home equity loans: Which is best in ...

   www.aol.com/finance/cash-out-refinance-vs-home...

   A home equity loan adds a second mortgage to your existing one, while a cash-out refinance replaces your current mortgage with a new, larger loan that provides extra cash from your home’s built ...

5. Refinancing a home equity loan: When and how to do it - AOL

   www.aol.com/finance/refinancing-home-equity-loan...

   If your home’s value has increased, for instance, from $350,000 to $400,000, and you have paid down your mortgage and previous home equity loan to a total outstanding amount of $200,000, you ...

6. How much equity do you need to refinance? - AOL

   www.aol.com/finance/much-equity-refinance...

   The easiest way to calculate your LTV ratio is to use an LTV calculator. To do this, you’ll enter your home’s market value, your outstanding mortgage balance and any second mortgage balance ...

7. Do you need a down payment to refinance your mortgage? - AOL

   www.aol.com/finance/down-payment-refinance...

   Say your house is valued at $400,000 and there’s $300,000 on your mortgage balance. You would have $100,000 of equity or, based on your current home value, 25 percent.