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  2. Loan modification vs. refinance: Which option is best for you?

    www.aol.com/finance/loan-modification-vs...

    A mortgage refinance involves swapping your current loan with a new one, typically with a different rate, term or both. Loan modification A loan modification is a form of relief for borrowers ...

  3. How to choose a mortgage lender: 6 tips - AOL

    www.aol.com/finance/choose-mortgage-lender-6...

    Step 3: Know your mortgage options. Mortgages come in various forms, often with options regarding the loan term, interest rate type and loan type. Common loan terms are 15 years or 30 years, with ...

  4. Refinancing for home improvement: How it works - AOL

    www.aol.com/finance/refinancing-home-improvement...

    Qualifying for a cash-out refinance. A cash-out refinance is a new mortgage, so you will have to qualify, meeting the lender’s criteria — even if you’re using the lender of your original ...

  5. Pros and cons of refinancing a car: Is it right for you? - AOL

    www.aol.com/finance/pros-cons-refinancing-car...

    The benefits of refinancing your current auto loan center around saving money. You may also be able to refinance for more than you owe if you need cash. You may also be able to refinance for more ...

  6. Second mortgage - Wikipedia

    en.wikipedia.org/wiki/Second_mortgage

    The more common of the two is the 80/10/10 mortgage arrangement in which the home buyer is granted an 80 percent loan-to-value (LTV) on the primary mortgage and 10 percent LTV on the second mortgage with a 10 percent down payment. [33]

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

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

    A home equity loan allows you to borrow a specific amount, or a lump sum, of money. The loan is essentially a second mortgage: The money borrowed is repaid over a set period typically ranging from ...

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