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

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

   🏡 Case study: Cash-out refinance. Let's say your home is worth $400,000 and you currently owe $150,000 on your original mortgage at 7.5%. By refinancing to a lower rate of 6% with a 30-year ...

3. Cash out refinancing - Wikipedia

   en.wikipedia.org/wiki/Cash_out_refinancing

   The difference between cashout refinancing and a home equity loan are as follows: A home equity loan is a separate loan on top of a first mortgage. A cash-out refinance is a replacement of a first mortgage. The interest rates on a cash-out refinancing are usually, but not always, lower than the interest rate on a home equity loan.

4. Cash-out refinance: What it is and how it works - AOL

   www.aol.com/finance/cash-refinance-works...

   Cash-out refinancing involves taking out a new loan for a higher amount, paying off the existing one and obtaining the difference in cash. A home equity loan, in contrast, is a separate ...

5. Pros and cons of a cash-out refinance - AOL

   www.aol.com/finance/pros-cons-cash-refinance...

   The requirements for getting approved for a cash-out refinance vary by lender, but most lenders will want to see a minimum credit score of 620 and a maximum debt-to-income ratio of 43 percent ...

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

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

   Cash-out refinance. When you do a cash-out refinance, you use your home equity to withdraw cash to spend. This increases your mortgage debt but gives you money that you can invest or use to fund a ...

7. 4 ways to get equity out of your home — and what to know ...

   www.aol.com/finance/how-to-get-equity-out-of...

   🏠 Cash-out refinance. Replace your current mortgage with a larger mortgage, receiving the difference as cash. Fast facts. Fixed-rate loan. Paid out in one lump sum. Terms of 15 to 30 years.