Refinancing your mortgage can help you achieve a variety of goals, such as lowering your monthly payment, paying off your loan early, taking out cash, or getting rid of mortgage insurance. Here are seven types of mortgage refinance options you can choose from — and what each one means for your finances. Read more: 6 times when it's a good idea to refinance your mortgage The 7 types of home loan refinances Here is a basic run-down of the types of mortgage refinances you can choose from. Do a couple look ...