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Types of Commercial Refinance Options

There are several refinancing options available, each catering to different needs and business situations:

• Rate and Term Refinance: This is the most common type, where the primary goal is to secure a lower interest rate or better loan terms.
• Cash-Out Refinance: Allows you to access the equity in your property by taking out a new loan for more than you owe on your existing mortgage.
• Streamline Refinance: Offers a simplified process with less documentation, often used for government-backed loans like FHA or VA loans.