Why Refinance Back into a 30-Year Loan?

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One of the biggest reasons homeowners refinance their mortgage is to obtain a lower interest rate and lower monthly payments. By refinancing, the borrower pays off their existing mortgage and replaces it with a new one. This can often be accomplished with a no-points no-fees loan program, which essentially means at “no cost

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2 thoughts on “Why Refinance Back into a 30-Year Loan?”

  1. Everyone is always looking at how they can save money. Refinanceing their mortgage is an option most research, but sometimes it will not save you much.

    Walt

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