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Refinance Mortgages

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Refinance mortgage loans of the safest type

This article will tell you which types of refinance loans are the "safest" for you to get.

Choose a type of refinance mortgage loan to learn about:

Fixed rate refinance mortgage loan

This type of refinance loan - the fixed rate mortgage loan - is a fairly safe mortgage type to get. Why?

With a rate that's "fixed" it means you're getting a refinance loan that will have the "same rate" for your entire term length. Versus: the adjustable rate loan - that has a rate that is always shifting up or down with the economy's prime rate. You can't see the future. You can't know the future state of the economy, or where it's "prime rate" will bounce to. And a bouncing prime rate, which is what the adjustable rate is based on, makes the adjustable rate mortgage just a little bit uncertain/radioactive.

So what to do? Instead of an adjustable rate loan, get yourself a fixed rate refinance loan - so you can feel safer by holding on to one constant rate for your entire mortgage term.

Get a refinance mortgage loan: you can apply online!

Open refinance mortgage loan

Being open is good, everyone knows that. So it's no shock that having a refinance loan that's open is a good thing. Open mortgage loans are safe - safer than their opposite, the "closed mortgages."

By getting an open refinance mortgage loan, you'll be able to pay off a chunk of your mortgage for free, or completely pay it off for free whenever you have the inkling to do so. So what?

Say you get offered a new job in a new city - and you gotta move pronto. But you don't have a whole lot of extra cash sitting around to spend too freely. It would be awful if you were stuck with a closed mortgage that you would have to pay a substantial fee just to pay it off so you could move to a new home and it's new mortgage. You might not be able to afford that.

So to play it safe in the refinance-mortgage-world: refinance with an open mortgage loan.

Apply online and get your refinance loan now!

Short term refinance mortgage loan

Another safe type of refinance mortgage loan, is the "short term" one.

By choosing a refinance mortgage loan with a term that's 1-5 years in length (as opposed to a term length of 6-25 years), you won't have to be stuck with the same mortgage, and it's same payments, and it's same rate for very long.

With a short term refinance loan, you'll have peace of mind knowing that if the economy changes abruptly in the near future, or your income changes, that your mortgage-term's end is never too far around the corner. So what? It means you'll always know you can 'revamp/refinance' your current mortgage a.s.a.p - cause your term is never long, it's always short.

And knowin' you can get out of a commitment real soon if it turns sour for you is not only "safe," it's priceless.

Fill out the online application - and get a refinance mortgage now!

Combo of all of the above

Although it's not always possible, depending on your refinance situation, you could get the following supremely-safe refinance mortgage loan "combo:"

A "fixed rate" "short term" "open" - refinance mortgage-loan. Ta-da!

With this type of refinance mortgage loan, you would have a rate that's fixed for your entire mortgage term. And the term length would be anywhere from 1 to 5 years. And you would NOT have to pay any fees if you decided to pay off a chunk of your mortgage, or pay it out before your term was up. And that's called: "super-safe-refinancing."

Refinance your home now: apply online for your mortgage!

Get more info about home refinance mortgage loans, by contacting The Mortgage Store Online's brokers. Just use the refinance contact form or call them at 1-866-880-2577.

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