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2. Mortgage recasting: What it is and how it works - AOL

   www.aol.com/finance/mortgage-recasting-works...

   Mortgage recasting is a form of prepaying your mortgage. To recast your loan, you’ll make a lump-sum payment toward the balance. Your lender will then reamortize the loan with the smaller ...

3. I’m well into paying off my mortgage. Should I still refinance?

   www.aol.com/finance/m-well-paying-off-mortgage...

   It replaces your existing mortgage with a new, bigger loan and then gives you the difference in a lump-sum payment. Homeowners commonly use cash-out refinances to pay for things like home ...

4. How to get a low-cost mortgage refinance - AOL

   www.aol.com/finance/low-cost-mortgage-refinance...

   If rates decline during the lock period, lenders might allow you to take the new, lower rate. 2. Consider a no-closing-cost refinance. One way to get a low-cost refinance is to avoid closing costs ...

5. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator. [3] : 1267, 1281–83 The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments ...

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

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

   Using a recast, you pay a lump sum toward your mortgage balance. The loan is then re-amortized based on the new, lower balance, which results in a new lower monthly payment. Additional reporting ...

7. Compound interest - Wikipedia

   en.wikipedia.org/wiki/Compound_interest

   Canadian mortgage loans are generally compounded semi-annually with monthly or more frequent payments. U.S. mortgages use an amortizing loan, not compound interest. With these loans, an amortization schedule is used to determine how to apply payments toward principal and interest. Interest generated on these loans is not added to the principal ...

8. Continuous-repayment mortgage - Wikipedia

   en.wikipedia.org/wiki/Continuous-repayment_mortgage

   Continuous-repayment mortgage. The effect of earning 20% annual interest on an initial $1,000 investment at various compounding frequencies. Analogous to continuous compounding, a continuous annuity [1] is an ordinary annuity in which the payment interval is narrowed indefinitely. A (theoretical) continuous repayment mortgage is a mortgage loan ...

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

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

   The most popular fall into two categories: home-secured loans, including a lump-sum home equity loan or a home equity line of credit (HELOC), and a type of mortgage called a cash-out refinance.