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

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

    Cash-out refinance pros. Access to a large sum: The biggest upside of a cash-out refinance is that you get the money you need by unlocking home equity you already have. Lower interest rate: A cash ...

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

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

    A cash-out refinance turns your ownership stake into ready money by replacing your current mortgage with a new, larger loan. You receive the difference between the two in a lump-sum payment. You ...

  4. Does refinancing a mortgage hurt your credit? - AOL

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

    Key takeaways. Refinancing a mortgage temporarily lowers your credit score. Refinancing can affect your credit score for up to one year while remaining on your credit report for up to two years ...

  5. 5 biggest myths about mortgage refinance - AOL

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

    Myth 1: Refinancing is cost-free. Afraid not. Homeowners usually hear a lot about how much they can save by refinancing their mortgage, but they rarely hear about the upfront cost of doing so. It ...

  6. FHA cash-out refinance guide - AOL

    www.aol.com/finance/fha-cash-refinance-guide...

    With an FHA cash-out refinance, you’d be able to borrow up to $320,000 — 80 percent of your property’s value. In this case, $200,000 of that would go toward paying off your existing mortgage ...

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

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

    With refinancing, you can change the loan type as well as your lender. To refinance a mortgage, you'll pay between 2 and 5 percent of the loan amount in closing costs, so if you're refinancing to ...

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