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2. Mortgage rates are dropping: How much does a 1% rate ... - AOL

   www.aol.com/finance/how-much-does-1-percent...

   Rate savings outweigh refinancing costs. ... Before you accept a refinance loan offer, calculate your refinancing breakeven point with a refinance calculator — like this one from Fannie Mae ...

3. When should you refinance your mortgage? - AOL

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

   For most borrowers, the ideal time to refinance is when market rates have fallen below the rate on their current loan. If you want to refinance now, calculate the break-even point so you’ll know ...

4. Guide to refinancing an FHA loan to a conventional loan - AOL

   www.aol.com/finance/guide-refinancing-fha-loan...

   These are some of the most common criteria to refinance to a conventional loan: A credit score of at least 620. Equity ratio of at least 20% in your property (that is, you own one-fifth of its ...

5. How to get the best refinance rate on your mortgage - AOL

   www.aol.com/finance/best-refinance-rate-mortgage...

   Improve your credit score. Compare refinance rates. Buy points to lower your rate. Decide which loan term is best. Choose a fixed interest rate. Consider the loan amount. Pay closing costs upfront. 1.

6. What is a reverse mortgage? How it works, who it’s best for ...

   www.aol.com/finance/what-is-a-reverse-mortgage...

   A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home equity, using their home as collateral. The loan amount you’re approved for is based on ...

7. Do I lose home equity after refinancing? - AOL

   www.aol.com/finance/lose-home-equity-refinancing...

   For example, if closing costs on your refinancing are $5,000 and the amount you are refinancing is $150,000, the lender can give you a total of $155,000, borrowing against your home’s value and ...