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2. When should you refinance your mortgage? - AOL

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

   Home equity loans. With a home equity loan or line of credit (HELOC), you take on an additional loan or line of credit rather than replace your mortgage. If you have a stellar interest rate right ...

3. What are the monthly payments on a $400,000 mortgage? - AOL

   www.aol.com/finance/400000-mortgage-payment...

   Costs vary based on your credit score, loan-to-value ratio and loan term, but can range from 0.5% to 2% of your loan amount annually. ... you might find that by putting that extra money toward ...

4. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator. [ 3 ] : 1267, 1281–83 The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments ...

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

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

   What are the requirements for an adjustable-rate mortgage?The basic requirements for an ARM loan include a credit score of at least 620 and a debt-to-income ratio (DTI) of 50 percent or less ...

6. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

7. Balloon payment mortgage - Wikipedia

   en.wikipedia.org/wiki/Balloon_payment_mortgage

   Because borrowers may not have the resources to make the balloon payment at the end of the loan term, a "two-step" mortgage plan may be used with balloon payment mortgages. [1] Under the two-step plan, sometimes referred to as "reset option," the mortgage note "resets" using current market rates and using a fully amortizing payment schedule. [8]

8. Dave Ramsey’s 7 Tips for Quickly Paying Off a Mortgage - AOL

   www.aol.com/dave-ramsey-7-tips-paying-120027516.html

   Here’s how extra payments would affect a $220,000, 30-year mortgage with a 4% interest rate: Make one extra payment each quarter to shave 11 years and nearly $65,000 off your mortgage.

9. Flexible mortgage - Wikipedia

   en.wikipedia.org/wiki/Flexible_mortgage

   The key feature of an offset mortgage is the ability to reduce the interest charged by offsetting a credit balance against the mortgage debt, with interest charged based on the outstanding net debt. Some lenders have a single account for all transactions, this is often referred to as a current account mortgage .