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

   www.aol.com/finance/what-is-cash-out-refinance...

   By refinancing to a lower rate of 6% with a 30-year term, here's how a cash-out refinance for $250,000 could work. Approval for new mortgage: $250,000 at 6% for 30 years — monthly payment: $1,778

3. How much equity do you need to refinance? - AOL

   www.aol.com/finance/much-equity-refinance...

   FHA refinance: For FHA cash-out refinances, ... Once you click the “Calculate” button, the calculator will give you your LTV ratio. Show comments. Advertisement. Advertisement.

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. 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 ...

6. Cash-out refinance: What it is and how it works - AOL

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

   The process for a cash-out refinance is similar to that of a regular refinance (aka a rate-and-term refinance), in which you simply replace your existing loan with a new one, usually at a lower ...

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

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

   Cash-out refinance: In a cash-out refinance, you’ll switch to a new, bigger loan that taps your home’s equity for additional cash. You can use these funds for any purpose. You can use these ...