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  2. A cash-out refinance allows you to refinance your current mortgage for more than the outstanding balance, taking the difference in cash. A cash-out refinance replaces your existing mortgage, so ...

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

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

    To determine cash-out refinance rates, mortgage lenders take a baseline interest rate and then make adjustments based on your credit score, financial profile and loan-to-value (LTV) ratio.

  5. 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 ...

  6. 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 ...

  7. 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 ...

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