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  2. Cash-out refinance explained: How it works — and when ... - AOL

    www.aol.com/finance/what-is-cash-out-refinance...

    Because cash-out refinancing involves paying 2% to 5% in closing costs, if you move too soon after refinancing, you likely won't have enough time to recover these expenses through any potential ...

  3. Cash-out refinance vs. home equity loans: Which is best in ...

    www.aol.com/finance/cash-out-refinance-vs-home...

    Unlike a cash-out refinance, you get a separate loan with fixed rates, terms of 5 to 20 years and often lower or no closing costs. A home equity line of credit (HELOC) is a close cousin of the HELoan.

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

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

    The closing costs on a cash-out refinance (and any type of refinance) are almost always less than the closing costs on a home purchase. For a cash-out refinance, the lender charges an appraisal ...

  5. Types of mortgage refinance: How to choose - AOL

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

    No-closing cost refinance: A no-closing cost refinance is any type of refinance that doesn’t require you to pay closing costs on closing day. Instead, you’ll bundle these fees into the new loan.

  6. Pros and cons of a cash-out refinance - AOL

    www.aol.com/finance/pros-cons-cash-refinance...

    (The good news: Refinance fees aren’t nearly as expensive as the closing costs on a home purchase.) Foreclosure risk: Your home is the collateral for the cash-out refinance, so if you don’t ...

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

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

    Pros of a no-closing-cost refinance. No upfront payment: There’s no need to come up with a few thousand in cash. Break-even sooner: When you pay closing costs to refinance, it can take some time ...

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

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

    How much are mortgage closing costs? Closing costs vary by the home’s cost and location, but you can typically expect to pay about 2 to 5 percent of your total loan amount in closing costs. The ...

  9. Do you need a down payment to refinance your mortgage? - AOL

    www.aol.com/finance/down-payment-refinance...

    A cash-in refinance is basically the opposite of a cash-out refinance, in which you swap your current mortgage for a larger one, pocketing the extra amount for immediate use.

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