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2. Cash-out refinance explained: How it works — and when ... - AOL

   www.aol.com/finance/what-is-cash-out-refinance...

   By refinancing to a lower rate of 6% with a 30-year term, here's how a cash-out refinance for $250,000 could work. Approval for new mortgage: $250,000 at 6% for 30 years — monthly payment: $1,778

3. Cash-out refinance vs. home equity loans: Which is best in ...

   www.aol.com/finance/cash-out-refinance-vs-home...

   However, most conventional loans require you to keep at least 20% equity after refinancing — meaning on a $400,000 home, you must maintain $80,000 in equity, leaving $70,000 available to borrow.

4. When should you refinance your mortgage? - AOL

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

   The after-tax monthly savings (new payment compared to old payment, after any tax-favored treatment) The amount of time that you intend to be in the home The cost of obtaining the new mortgage

5. When should you refinance your mortgage? - AOL

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

   By refinancing, you’d save about $220 on your monthly payments and nearly $30,000 in interest payments over the life of the loan, and it would take you about three years to recoup the closing ...

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

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

   You can score the best refinance rate by cleaning up your credit before you start applying, and by paying closing costs upfront once you get a loan. But the main point: Shop around.

7. Home equity loan vs. home improvement loan: Which is better ...

   www.aol.com/finance/home-equity-loan-vs-home...

   💰 What can I expect to pay on a $50,000 home improvement loan? For a $50,000 home improvement loan with a five-year term at a current average rate of 12% APR, your monthly payments would be ...