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

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

    With refinancing, you can change the loan type and lender. 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 ...

  3. When should you refinance your mortgage? - AOL

    www.aol.com/finance/refinance-mortgage-152541677...

    You will pay more interest: If your credit score or debt-to-income ratio is not great — maybe has even worsened since the original loan — you could well be offered a higher interest rate on ...

  4. How to refinance when you have a second mortgage - AOL

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

    Piggyback mortgage: A piggyback mortgage helps fund a down payment on a house, allowing you to avoid paying for mortgage insurance or taking out a jumbo loan. 5 steps for refinancing your second ...

  5. PSA prepayment model - Wikipedia

    en.wikipedia.org/wiki/PSA_prepayment_model

    Each monthly prepayment is assumed to represent full payoff of individual loans, rather than a partial prepayment that leaves a loan with a reduced principal balance. Variations of the model are expressed in percent, e.g., "150% PSA" means a monthly increase of 0.3% in the annualized prepayment rate, until the peak of 9% is reached after 30 months.

  6. When should you refinance your mortgage? - AOL

    www.aol.com/finance/when-to-refinance-mortgage...

    You should refinance if you want longer terms to lower your monthly mortgage payment or shorter terms to pay off your loan sooner. But you’ll want to make sure you’re lowering your interest ...

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

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

    Say your gross monthly income is $5,000 a month, and you typically pay $700 a month to your mortgage, $500 a month to credit cards and $250 a month to a personal loan — a total of $1,450 in ...

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