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

   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 refinance: What it is and how it works - AOL

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

   A cash-out refinance replaces your current mortgage with a new, bigger loan. You receive the difference between the two in ready money. The process for a cash-out refinance is similar to a regular ...

4. 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.

5. Home equity loan or HELOC vs. cash-out mortgage refinance - AOL

   www.aol.com/finance/home-equity-loan-heloc-vs...

   A cash-out refinance replaces your existing mortgage while home equity loans and HELOCs involve taking on an additional debt. With all three, the amount you can borrow will depend on the amount of ...

6. 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.

7. 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 ...