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

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

   Cash-out refinance pros. Access to a large sum: The biggest upside of a cash-out refinance is that you get the money you need by unlocking home equity you already have. Lower interest rate: A cash ...

3. Cash-out refinance: What it is and how it works - AOL

   www.aol.com/finance/cash-refinance-works...

   A cash-out refinance turns your ownership stake into ready money by replacing your current mortgage with a new, larger loan. You receive the difference between the two in a lump-sum payment. You ...

4. FHA cash-out refinance guide - AOL

   www.aol.com/finance/fha-cash-refinance-guide...

   With an FHA cash-out refinance, you’d be able to borrow up to $320,000 — 80 percent of your property’s value. In this case, $200,000 of that would go toward paying off your existing mortgage ...

5. Cash out refinancing - Wikipedia

   en.wikipedia.org/wiki/Cash_out_refinancing

   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. The borrower pays the mortgage refinance closing costs. Generally, the borrower does not pay closing costs for a home equity loan. Closing costs can amount to ...

6. Are cash-out refinance rates higher? How to get the best rate

   www.aol.com/finance/cash-refinance-rates-higher...

   A cash-out refinance replaces your current mortgage with a new, larger loan that includes the balance of the old mortgage and the additional cash you’re borrowing against the home’s equity ...

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

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

   Key takeaways. Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type and lender. To refinance a mortgage, you ...