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2. Refinancing - Wikipedia

   en.wikipedia.org/wiki/Refinancing

   Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness ...

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

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

   As with a mortgage refinance, a reverse mortgage isn’t the best option when interest rates are high, as a high rate can lower the amount of equity you can use. Yet when interest rates decrease ...

5. Don’t Waste Money: Avoid These 10 Costly Mistakes When ...

   www.aol.com/finance/10-mistakes-avoid-refinance...

   Refinancing your mortgage has the potential to save you thousands in interest payments, but it can also drain your wallet if you're not careful. From buried prepayment penalties to unnecessary ...

6. When should you refinance your mortgage? - AOL

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

   The best mortgage refinance rates go to those with a score of at least 740. Pay for large expenses. You can do a cash-out refinance to tap your home’s equity for ready money. You can use these ...

7. Balloon payment mortgage - Wikipedia

   en.wikipedia.org/wiki/Balloon_payment_mortgage

   For balloon payment mortgages without a reset option or if the reset option is not available, the expectation is that either the borrower will have sold the property or refinanced the loan by the end of the loan term. That may mean that there is a refinancing risk. Adjustable rate mortgages are sometimes confused with balloon payment mortgages ...