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  2. 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 ...

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

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

    A cash-out refinance replaces your existing mortgage while home equity loans and HELOCs involve taking on an additional debt. With all three, the amount you can borrow will depend on the amount of ...

  4. 4 ways to get equity out of your home while rates are high - AOL

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

    Say your gross monthly income is $5,000 a month, and you typically pay $700 a month to your mortgage, $500 a month to credit cards and $250 a month to a personal loan — a total of $1,450 in ...

  5. Do you need a down payment to refinance your mortgage? - AOL

    www.aol.com/finance/down-payment-refinance...

    Generally, the requirements break down as follows: Conventional refinances: As little as 3 percent equity works for a rate-and-term refinance. For a cash-out refi, 20 percent is more the norm. FHA ...

  6. 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 ...

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

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

    There are many mortgage refinancing options, including: Rate-and-term refinance: Rate-and-term is a refinance option that swaps your current mortgage for a new loan with a new interest rate and/or ...

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