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2. Reverse Mortgage, Home Equity Loan or Refinance? The ... - AOL

   www.aol.com/finance/reverse-mortgage-home-equity...

   Cash-out refinancing: You take out a mortgage with a higher principal amount than your current loan, collecting the remainder in cash. Depending on your qualifications, you can borrow up to 80% of ...

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

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

   There are three main ways to access your home equity and turn it into cash: home equity lines of credit (HELOCs), home equity loans, and cash-out refinance. All are home-secured debts — that is ...

4. When should you refinance your mortgage? - AOL

   www.aol.com/finance/refinance-mortgage-152541677...

   You can do a cash-out refinance to tap your home’s equity for ready money. You can use these funds for any purpose, such as: ... If you refinance to a $250,000 loan and the closing costs total 2 ...

5. Pros and cons of a cash-out refinance - AOL

   www.aol.com/finance/pros-cons-cash-refinance...

   More competitive borrowing cost: When the cost to borrow is less than other types of loans such as a home equity loan or a personal loan Learn more: Current cash-out refinance rates Alternatives ...

6. 4 ways to get equity out of your home — and what to know ...

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

   Requires appraisal and closing costs of 2% to 5% of your loan amount. A cash-out refinance is a type of mortgage loan that replaces your current mortgage with a new, larger mortgage and allows you ...

7. When should you refinance your mortgage? - AOL

   www.aol.com/finance/when-to-refinance-mortgage...

   By refinancing, you’d save about $220 on your monthly payments and nearly $30,000 in interest payments over the life of the loan, and it would take you about three years to recoup the closing ...