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

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

   When you refinance your home, you’ll apply in a similar way to when you applied to purchase your home. In many ways, the process is like a less strenuous version of getting a purchase mortgage ...

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

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

   Generally, the closing costs to refinance a mortgage are cheaper than the costs to get a mortgage to buy a home. In 2021, the average refinance on a single-family home ran less than 1 percent of ...

4. 3 Things You Need to Do Before Refinancing Your Mortgage - AOL

   www.aol.com/3-things-refinancing-mortgage...

   Image source: Getty Images. The average 30-year mortgage rate in the United States has fallen from a peak of 7.9% in late 2023 to the current level of around 6% as of late September. Many people ...

5. When should you refinance your mortgage? - AOL

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

   You can do a cash-out refinance to tap your home’s equity for ready money. You can use these funds for any purpose, such as: Lowering or paying off high-interest debt. Renovating your home.

6. How often can you refinance your home? - AOL

   www.aol.com/finance/often-refinance-home...

   Now, what if when you refinance the second time, you get a lower rate, but only slightly? If you refinance from 6 percent to 5.8 percent, for instance, now into a 30-year loan to lower your ...

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

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

   For example, if your home is valued at $400,000 and you owe $200,000 on the mortgage, your home has $200,000 of net equity. Loan-to-value (LTV) ratio The expression of how much money you’re ...