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Technically, you can take out any kind of loan and use your loan proceeds to pay off your mortgage. Viewed this way, any type of loan can be a mortgage refinance loan. However, some have restrictions (i.e. some loans do not offer a big enough credit for paying off a mortgage) so they dont make good refinance loans.
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Mortgage refinancing equates various lenders to get lowest refinance rate available. And refinance calculators figures whether it's worth chasing a lower interest rate.
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