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

   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. 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 ...

4. 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 ...

5. 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 a regular refinance but requires a larger loan: the balance of the old mortgage and cash borrowed against the home’s equity.

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

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

   A cash-in refinance is best for homeowners who want to reduce the outstanding principal on their mortgage. This lowers your loan-to-value (LTV) ratio, helping you qualify for a lower interest rate.

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

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

   Cash-out refinancing: overview. A cash-out refinance is an entirely new loan that replaces your existing mortgage with a larger one. You receive the difference in a lump sum of cash when the new ...