What type of loan will not let me refinance at a lower interest rate?
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Any loan should be able to be refinanced at the current or another lender, so long as the borrower qualifies for the loan, the collateral (if applicable) is acceptable and the lender makes that type of loan and wants another one. That doesn't mean there won't be some type of prepayment penalty or fees on the new loan. You'll have to determine if the costs of getting a new loan are sufficiently offset by the savings you gain in a refinance.
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Any loan should be able to be refinanced at the current or another lender, so long as the borrower qualifies for the loan, the 