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  2. When should you refinance your mortgage? - AOL

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

    Now say about 15 years into the loan, you’ve paid $86,551 toward the principal and $257,499 in interest and you want to refinance the remaining $233,449 of your principal balance with a new 15 ...

  3. 4 ways to get equity out of your home — and what to know ...

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

    Requires appraisal and closing costs of 2% to 5% of your loan amount. A cash-out refinance is a type of mortgage loan that replaces your current mortgage with a new, larger mortgage and allows you ...

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

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

    In a cash-out refinance, you replace your existing mortgage with a new loan for a larger amount. This new loan pays off the original mortgage and provides additional cash you can use for any purpose.

  5. Best cash-out refinance lenders of 2024 - AOL

    www.aol.com/finance/best-cash-refinance-lenders...

    Here are some of the best cash-out refinance lenders in 2024. ... ($80,000, or 40 percent), you might be able to refinance your loan to a new one with a higher balance and take cash out, so long ...

  6. Types of mortgage refinance: How to choose - AOL

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

    No-closing cost refinance: A no-closing cost refinance is any type of refinance that doesn’t require you to pay closing costs on closing day. Instead, you’ll bundle these fees into the new loan.

  7. Loan modification vs. refinance: Which option is best for you?

    www.aol.com/finance/loan-modification-vs...

    Keep the same loan with new terms: This is a big difference between loan modification and refinance. With modification, you keep the loan rather than swapping it out for a new one.

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