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  2. 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 ...

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

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

    The process of obtaining a cash-out refinance typically takes 30 to 60 days. What are the steps to getting a cash-out refinance? Calculate your equity: Start by calculating the equity in your home ...

  4. 4 ways to get equity out of your home while rates are high - AOL

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

    Say your gross monthly income is $5,000 a month, and you typically pay $700 a month to your mortgage, $500 a month to credit cards and $250 a month to a personal loan — a total of $1,450 in ...

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

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

    A cash-out refinance is best for borrowers who need a substantial amount of money and, ideally, can refinance to a lower interest rate. ... Our refinance breakeven calculator can help you run the ...

  6. Home equity loan or HELOC vs. cash-out mortgage refinance - AOL

    www.aol.com/finance/home-equity-loan-heloc-vs...

    A cash-out refinance replaces your existing mortgage while home equity loans and HELOCs involve taking on an additional debt. With all three, the amount you can borrow will depend on the amount of ...

  7. 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 ...

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