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

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

   You then decide to make a $50,000 lump sum payment to recast the loan, plus pay a $250 recasting fee. That reduces the balance of your loan to $112,684. Your monthly payment for the next 20 years ...

3. Lump sum - Wikipedia

   en.wikipedia.org/wiki/Lump_sum

   A lump sum is a single payment of money, as opposed to a series of payments made over time (such as an annuity). [1] [2] [3] [4]The United States Department of Housing and Urban Development distinguishes between "price analysis" and "cost analysis" by whether the decision maker compares lump sum amounts, or subjects contract prices to an itemized cost breakdown.

4. Should you use a home equity loan to pay for medical bills? - AOL

   www.aol.com/finance/home-equity-loan-for-medical...

   A HELoan is a fixed-rate, lump-sum loan with predictable monthly payments and repayment terms typically ranging from five to 30 years. It’s best for borrowers who know their exact medical costs ...

5. 4 ways to get equity out of your home — and what to know ...

   www.aol.com/finance/how-to-get-equity-out-of...

   A home equity loan is a fixed-rate loan that allows you to use your home’s equity as collateral. You receive the loan money as one lump sum and pay it back over a series of set monthly payments ...

6. Fact vs. fiction: Top 8 common home equity myths — debunked

   www.aol.com/finance/home-equity-myths-debunked...

   Home equity loan. HELOC. Interest rate. Fixed interest rate. Variable interest rate. Funds. Lump sum. Only draw what you need. Terms. 5 to 30 years. 10-year draw period and 20-year repayment ...

7. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   Lump sum in cash at settlement; Monthly payment (loan advance) for a set number of years (term) or life (tenure) Line of credit (similar to a home equity line of credit) Some combination of the above; The adjustable-rate HECM offers all of the above payment options, but the fixed-rate HECM only offers lump sum.