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2. The truth about no-appraisal home equity loans: What ... - AOL

   www.aol.com/finance/what-is-a-no-appraisal-home...

   Traditional appraisal process. No-appraisal process. Inspection. Licensed appraiser inspects property in person. Uses automated valuation models (AVMs) to assess value

3. 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

4. Looking to refinance your FHA mortgage? Make it easier and ...

   www.aol.com/finance/looking-refinance-fha...

   The FHA streamline refinance allows you to refinance an FHA loan without a new home appraisal. The lack of appraisal can save you time and money because the cost of a home appraisal is usually ...

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. Streamline refinancing - Wikipedia

   en.wikipedia.org/wiki/Streamline_refinancing

   Streamline refinancing has become more popular because reuse of the original home's appraisal may be the only way someone underwater on the property can refinance it at all. [ 2 ] Streamline refinancing is an option for borrowers who want to take advantage of low interest rates, get out of an adjustable rate mortgage (ARM) or graduated payment ...

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

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

   Myth #6: Home equity loans always require an appraisal. An in-person home appraisal used to be a standard requirement for financing, allowing for an unbiased licensed appraiser to assess the true ...