7c6f3cb4_Options_Compared_and_Explained__Less_suited_for
[Mortgage type] Refinance [Best suited for] Borrowers currently paying above-market interest rates; borrowers who wish to shorten their loan term; borrowers who want to replace an ARM with a more predictable fixed-rate; borrowers facing a balloon payment. [Less suited for] 
Borrowers with a mortgage rate only slightly higher than current market rates; borrowers who do not plan to stay in the home long enough to recoup the cost of refinancing.
Mortgage Types - Mortgage Options Compared and Explained
Less suited for