One of the biggest mistakes that many homeowners make is thinking that you have to start over at 30 years when you refinance.
This myth keep many from saving tens of thousands of dollars. Think of the 30 year payment as a suggestion. It's a minimum payment. YOU determine the term by adjusting your payment.
Saving just .25% on your rate can amount to many thousands of dollars over the life of your loan.
There are no prepayment penalties. I can help you figure what your payment should be based on whatever term you want.
The nice thing is the flexibility you have knowing that the minimum payment is an option if you run into any financial dfifficulties. You can also choose an exact term if you would rather have a mandatory fixed payment and skip the flexibility !