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  2. Mortgage refinance: What is it and how does it work? - AOL

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

    With a cash-in refinance, you make a lump sum payment to reduce your loan-to-value (LTV) ratio, which cuts your overall debt burden, potentially lowers your monthly payment and also could help you ...

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

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

    Cash-out refinance vs. home equity loan vs. HELOC. ... A home equity loan provides a one-time lump-sum payment with a fixed interest rate and predictable monthly payments over 5 to 30 years ...

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

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

    With a cash-in refinance, you’ll make a lump-sum payment to lower your mortgage balance. This new, lower balance is then refinanced to a new mortgage at a different interest rate, term or both.

  5. Mortgage recasting: What it is and how it works - AOL

    www.aol.com/finance/mortgage-recasting-works...

    To recast your loan, you’ll make a lump-sum payment toward the principal balance. Your lender will then reamortize the loan with the smaller balance and new, lower monthly payments.

  6. Do I lose home equity after refinancing? - AOL

    www.aol.com/finance/lose-home-equity-refinancing...

    To provide you with that cash, the lender increases your loan balance to cover the lump sum payment. And once again, your home equity is diminished. ... Straight refinance vs. cash-out refinance.

  7. How to get a low-cost mortgage refinance - AOL

    www.aol.com/finance/low-cost-mortgage-refinance...

    By tapping a portion of your home’s equity, you’ll receive a lump sum payment you can use to pay off other debts. But by doing a cash-out refinance, you’ll get a newer, larger mortgage.

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