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  2. Loan modification vs. refinance: Which option is best for you?

    www.aol.com/finance/loan-modification-vs...

    As with any mortgage product, it’s worth evaluating the pros and cons before applying. Pros of refinancing. Lower interest rate: This has been a huge driver of refinances over the years. That ...

  3. Mortgage loan modification: What it is and how to get one - AOL

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

    USDA loan modification: With a USDA loan, you can modify your mortgage with an extended term of up to 40 years, reduce the interest rate and receive a “mortgage recovery advance,” a one-time ...

  4. Pros and cons of an adjustable-rate mortgage (ARM) - AOL

    www.aol.com/finance/pros-cons-adjustable-rate...

    30-year fixed-rate mortgage: If you want to keep those monthly payments low, a 30-year fixed mortgage is the way to go. You’ll pay more in interest over the longer period, but your payments will ...

  5. Loan modification in the United States - Wikipedia

    en.wikipedia.org/wiki/Loan_modification_in_the...

    The U.S. housing boom of the first few years of the 21st century ended abruptly in 2006. Housing starts, which peaked at more than 2 million units in 2005, plummeted to just over half that level. Home prices, which were increasing at double-digit rates nationally in 2004 and 2005, have fallen dramatically since (see Chart 1).

  6. Adjustable-rate mortgages: What they are and how they work - AOL

    www.aol.com/finance/adjustable-rate-mortgages...

    Bankrate’s ARM calculator. Helps estimate how your ARM payment can shift in a variety of scenarios. Calculate . Types of ARMs. ARMs are generally 30-year mortgages, but they can vary a lot in ...

  7. 1 in 4 First-Time Home Buyers Today Are Considering an ... - AOL

    www.aol.com/1-4-first-time-home-100015239.html

    Here are a couple of pros and cons to be aware of if an adjustable-rate mortgage is on your radar. Pro No. 1: You can get a lower starting interest rate The average 30-year mortgage rate as of ...

  8. Pros and Cons of Adjustable-Rate Mortgages as ... - AOL

    www.aol.com/news/pros-cons-adjustable-rate...

    Demand has tripled for adjustable-rate mortgages as Americans grapple with surging costs for home loans with rates fixed for 30 years.

  9. Pros and Cons of Adjustable-Rate Mortgages - AOL

    www.aol.com/news/pros-cons-adjustable-rate...

    ARMs can save new homeowners serious money, but they're not for everyone.