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2. Mortgage recasting: What it is and how it works - AOL

   www.aol.com/finance/mortgage-recasting-works...

   To recast your loan, you’ll make a lump-sum payment toward the principal balance. Your lender will then reamortize the loan with the smaller balance and new, lower monthly payments.

3. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387

4. What is a reverse mortgage? How it works, who it’s best for ...

   www.aol.com/finance/what-is-a-reverse-mortgage...

   Depending on whether you choose a reverse mortgage with a fixed rate or variable rate, you can receive funds as a lump sum, fixed monthly payments or a line of credit — or a combination of these ...

5. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   Unlike standard mortgages (where the entire loan amount is typically disbursed at the time of loan closing) the HECM program allows the homeowner to receive funds in a variety of ways: as a one time lump sum payment; as a monthly tenure payment which continues until the borrower dies or moves out of the house permanently; as a monthly payment ...

6. 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 ...

7. Home equity loan vs. HELOC: Which is best for borrowing ...

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

   More commonly called a reverse mortgage, it pays you either a lump sum, monthly payments or a combination of the two from your home equity, and the loan is paid back with interest and fees after ...