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2. What is an interest-only mortgage and how does it work? - AOL

   www.aol.com/finance/interest-only-mortgage-does...

   Many interest-only loans convert to an adjustable rate, so if rates rise in the future, yours will, too (and vice versa). With a 30-year fixed-rate mortgage for the same amount, you’d pay $1,882 ...

3. What Is An Interest-Only Mortgage? - AOL

   www.aol.com/interest-only-mortgage-190002695.html

   Here’s an example: if you take out an interest-only, 7/1 adjustable-rate mortgage loan, you’ll pay interest only for the first 10 years of the loan and the interest rate will be fixed for the ...

4. When should you refinance your mortgage? - AOL

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

   Borrowers tend to think about refinancing their mortgage when interest rates are sinking. ... By refinancing, you’d not only lower your monthly payments — you’d see a long-term savings of ...

5. When should you refinance your mortgage? - AOL

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

   Getting a better interest rate than what you’re paying now is among the biggest reasons to refinance your mortgage. Find a current rate that’s at least 1 percentage point lower than what you ...

6. How to get the best refinance rate on your mortgage - AOL

   www.aol.com/finance/best-refinance-rate-mortgage...

   As of Oct. 24, the average 30-year fixed refinance interest rate is 6.57 percent and the average 15-year fixed rate is 5.92 percent. For ARMs, the average 5/1 ARM refinance rate is 5.93 percent ...

7. With interest rates falling, is it time to refinance mortgage ...

   www.aol.com/interest-rates-falling-time...

   Here are the top reasons refinancing your mortgage might make sense for you: Lower your mortgage interest rate: Your interest rate can impact the amount of your monthly mortgage payment. If the ...