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2. Should you use a HELOC to pay off your mortgage? - AOL

   www.aol.com/finance/heloc-pay-off-mortgage...

   Alternatives to HELOCs to prepay or pay off a mortgage. If your goal is to repay your mortgage early, you’ll likely be better off making extra payments, if possible — especially in the current ...

3. Can I Use a HELOC to Pay off a Mortgage Faster ... - AOL

   www.aol.com/heloc-pay-off-mortgage-faster...

   If your mortgage balance is $340,000 and you want to borrow $20,000 using a new HELOC, then your LTV (including the new HELOC) would be $360,000 divided by $400,000, or 90%.

4. Should You Use a HELOC to Pay Off Your Mortgage? - AOL

   www.aol.com/heloc-pay-off-mortgage-190000994.html

   A homeowner with enough home equity may be able to use a home equity line of credit to pay off an existing mortgage. That can reduce monthly payments as well as reducing the total interest cost of ...

5. How to calculate your home equity — and how much of it you ...

   www.aol.com/finance/calculate-home-equity...

   🏡 ($220,000 [outstanding mortgage] + $30,000 [home equity loan]) / $410,000 [home value] = 0.6097 x 100 = 60.97% The higher the LTV ratio, the more risk for the lender. And the higher an ...

6. Home equity: What is it and how can you use it? - AOL

   www.aol.com/finance/home-equity-121018740.html

   Mortgage Calculator Example of home equity Say you bought a home for $390,000, putting 3 percent down with a 30-year fixed rate mortgage at 7.83 percent. ... You can also make additional mortgage ...

7. Should you use a home equity loan to pay off your debts? - AOL

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

   A home equity line of credit (HELOC) works like a credit card — you have access to a credit line that you can draw from and pay back as needed during a certain time period. It carries a variable ...