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  2. Mortgage refinance: What is it and how does it work? - AOL

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

    Mortgage lenders conduct a credit check to see if you qualify for a refinance, which appears on your credit report. A single inquiry can shave up to five points off your score.

  3. No-closing-cost refinance: What it is and how it works - AOL

    www.aol.com/finance/no-closing-cost-refinance...

    Some offer a version of a no-closing-cost refinance, in which the lender will waive refinance fees for returning borrowers, or charge a lower flat rate instead of a percentage. ... Credit check ...

  4. 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 ...

  5. Refinancing - Wikipedia

    en.wikipedia.org/wiki/Refinancing

    Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness ...

  6. Remortgage - Wikipedia

    en.wikipedia.org/wiki/Remortgage

    A remortgage (known as refinancing in the United States) is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. [1] The term is mainly used commercially in the United Kingdom , though what it describes is not unique to any one country.

  7. No-closing-cost mortgage: How it works and how to decide if ...

    www.aol.com/finance/no-closing-cost-mortgage...

    You get two quotes for 30-year loans, a traditional mortgage at 7 percent interest and a no-closing-cost loan at 7.5 percent. Let’s say closing costs on the traditional mortgage come to 3 ...

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