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  2. When should you refinance your mortgage? - AOL

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

    Now say about 15 years into the loan, you’ve paid $86,551 toward the principal and $257,499 in interest and you want to refinance the remaining $233,449 of your principal balance with a new 15 ...

  3. 5 biggest myths about mortgage refinance - AOL

    www.aol.com/finance/5-biggest-myths-mortgage...

    But a refinance is still a mortgage, and — like your first home loan — it carries closing costs. These fees can amount to as much as 2 to 5 percent of the (new) loan principal. For example, if ...

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

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

    Once your mortgage’s principal balance is 80% of the original value of your home, you can request removal of your PMI. Here’s how extra payments would affect a $220,000, 30-year mortgage with ...

  5. How and When To Refinance a Mortgage Loan - AOL

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

    After many months of anticipation, interest rates have finally dropped. In September, the Federal Reserve cut its benchmark rate by 50 basis points, lowering it to between 4.75% to 5%, as written ...

  6. How much equity do you need to refinance? - AOL

    www.aol.com/finance/much-equity-refinance...

    After paying down the mortgage and conducting the refinance, the homeowner might consider applying for a home equity line of credit (HELOC) on the home and using the funds to help pay off the ...

  7. How much equity can I borrow from my home? (And why isn ... - AOL

    www.aol.com/finance/much-equity-borrow-home-why...

    All home equity calculations — and home equity calculators ... carries closing costs that can account for 2 to 5 percent of the loan principal. For a loan of $320,000 (your $250,000 balance plus ...

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