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2. When should you refinance your mortgage? - AOL

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

   30-year loan term — monthly payment. Total interest paid over life of 30-year term. 15-year loan term — monthly payment. Total interest paid over life of 15-year term. 5.00%. $1,640.46 ...

3. Cash-out refinance: What it is and how it works - AOL

   www.aol.com/finance/cash-refinance-works...

   A cash-out refinance replaces your current mortgage with a new, bigger loan. ... but the money borrowed is typically repaid with a monthly payment, like a mortgage.Unlike a refinance, they can ...

4. When should you refinance your mortgage? - AOL

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

   The new loan would trim your monthly mortgage payment to $1,859 per month, giving you an additional $107 of wiggle room in your monthly budget. Over the life of the loan, you’d pay $334,756, of ...

5. 4 ways to get equity out of your home — and what to know ...

   www.aol.com/finance/how-to-get-equity-out-of...

   A cash-out refinance replaces your current mortgage with a new one, effectively resetting the amount you owe on your home and the timeline you have to pay it off. ... Receive a lump sum or monthly ...

6. Reverse Mortgage, Home Equity Loan or Refinance? The ... - AOL

   www.aol.com/finance/reverse-mortgage-home-equity...

   Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 ...

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

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

   Cash-out refinancing: With a cash-out refinance, you replace your existing mortgage with a new, larger mortgage. The difference between the two balances will be given to you in a lump-sum payment ...