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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...

   Cash-out refinancing involves taking out a new loan for a higher amount, paying off the existing one and obtaining the difference in cash. A home equity loan, in contrast, is a separate ...

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

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

   A cash-out refinance offers benefits like access to money at potentially a lower interest rate, plus tax deductions if you itemize. On the down side, a cash-out refinance increases your debt ...

5. 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.

6. What are cash-out refinance tax implications? - AOL

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

   A cash-out refinance allows you to extract your home’s equity, or the difference between your current mortgage balance and the value of your home. You can then use it as a (relatively) low ...

7. FHA cash-out refinance guide - AOL

   www.aol.com/finance/fha-cash-refinance-guide...

   An FHA cash-out refinance lets you borrow against the equity in your home without having to take out a second mortgage. ... meaning you could get approved without any research on your credit score ...