Types of Mortgage Refinance Loans

Title:
Types of Mortgage Refinance Loans
Word Count:
551

Summary:
Technically, you can take out any kind of loan and use your loan proceeds to pay off your mort

Keywords:
finance, loan, dept, home, consolidation

Article Body:
Technically, you can take out any kind of loan and use your loan proceeds to pay off your mort
This article is about the loans you can use for refinancing your mortgage.

Since these are lo

According to Variability of Interest Rate
Fixed-rate mortgage refinance loan:

This type of home refinance loan is one where the interes


Variable-rate mortgage refinance loan:

This type of home refinance loan is one where the inte

According to Payment Terms
Interest-only mortgage refinance loan:

This type of mortgage refinance is one where you will

Balloon-type mortgage refinance loan:

This type of refinance loan is one with an initially lo

Fully-amortizing mortgage refinance loan:
Home equity mortgage refinance loan:

This type of refinancing loan is one where monthly

This type of loan is one where you actually apply for a


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