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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. How to refinance your ARM into a fixed-rate mortgage - AOL

   www.aol.com/finance/refinance-arm-fixed-rate...

   A rate-and-term refinance or “no-cash-out refinance” is a traditional refinancing option that changes your rate, your term or both while keeping your balance the same. It lets you switch to a ...

4. Cash-out refinance vs. home equity loans: Which is best in ...

   www.aol.com/finance/cash-out-refinance-vs-home...

   To qualify for a cash-out refinance, most lenders require: A credit score of 620 or higher (680+ get better rates) Up to 20% equity remaining after the refinance. A debt-to-income ratio below 43%.

5. The truth about no-appraisal home equity loans: What ... - AOL

   www.aol.com/finance/what-is-a-no-appraisal-home...

   Cash-out refinance. With a cash-out refinance, you replace your existing mortgage with a new, larger mortgage, pocketing the difference in cash.

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. Do you need a down payment to refinance your mortgage? - AOL

   www.aol.com/finance/down-payment-refinance...

   FHA refinances: You’ll need 20 percent down to pursue a cash-out refinance, but you can explore rate-and-term and streamlined refis with just 2.25 percent equity.