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  2. When should you refinance your mortgage? - AOL

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

    If your home value has gone up, there’s a chance refinancing your home could get rid of PMI sooner. Dropping PMI lowers your monthly payments. You need the extra cash.

  3. When should you refinance your mortgage? - AOL

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

    Key takeaways. Refinancing your mortgage could make sense for several reasons: lowering your interest rate, taking cash out or switching to a fixed-rate loan.

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

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

    When you refinance your home, you’ll apply in a similar way to when you applied to purchase your home. In many ways, the process is like a less strenuous version of getting a purchase mortgage ...

  5. 3 Things You Need to Do Before Refinancing Your Mortgage - AOL

    www.aol.com/3-things-refinancing-mortgage...

    Image source: Getty Images. The average 30-year mortgage rate in the United States has fallen from a peak of 7.9% in late 2023 to the current level of around 6% as of late September. Many people ...

  6. How much equity do you need to refinance? - AOL

    www.aol.com/finance/much-equity-refinance...

    Home equity. The cash value of your home. For example, if your home is valued at $400,000 and you owe $200,000 on the mortgage, your home has $200,000 of net equity. Loan-to-value (LTV) ratio. The ...

  7. How and When To Refinance a Mortgage Loan - AOL

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

    “For example if your credit score is much higher and your income has increased notably, then you may want to refinance your mortgage and secure a much better rate,” said Seamus Nally, CEO of ...

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