Word 2007 displays the Mini Formatting Toolbar when you insert a hyperlink in a document. This toolbar contains buttons that let you format the text around the link, including changing the color of the text, adding a border, and more. If you don’t want to see this toolbar, you can disable it by following these steps:

  1. Click the Tools menu and then click Options.
  2. In the Options dialog box, click General.
  3. Under Display, select Show Mini Formatting Toolbar When Hyperlinks Are Inserted (if it’s not already selected). ..

If you find the mini toolbar enhancement distracting, you’ll be glad to know you can disable it from automatically popping up when you select text.

Click the Office Button in the upper left hand corner and select “Word Options” from the resulting menu to get to the Word Options dialog.

In this dialog, select Popular and uncheck the “Show Mini Toolbar on selection” option.

You can still get access to the Mini Toolbar by right clicking the highlighted text or anywhere on your document… it’s not possible to disable that.