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

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

    🏠 Cash-out refinance. Replace your current mortgage with a larger mortgage, receiving the difference as cash. Fast facts. Fixed-rate loan. Paid out in one lump sum. Terms of 15 to 30 years.

  4. FHA cash-out refinance guide - AOL

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

    An FHA cash-out refinance isn’t a free road to more money. You’ll need to pay closing costs on the new loan, which typically range between 2 percent and 6 percent of the loan amount. So, if ...

  5. 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 ...

  6. 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 ...

  7. When should you refinance your mortgage? - AOL

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

    The best mortgage refinance rates go to those with a score of at least 740. Pay for large expenses. You can do a cash-out refinance to tap your home’s equity for ready money. You can use these ...

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