30-Year Fixed Rate Refinance

Does it Make Sense to Refinance to a 30 Year Fixed?

In addition to the benefits of having a fixed rate loan, a 30-year loan offers you these benefits:

You may have lower monthly payments.
A longer term loan spreads your repayment out, meaning payments will be lower. If budgeting month-to-month is a concern, a 30-year loan may be right for you.

If you have taken cash out with your refinance, the impact is lessened.
Sometimes taking additional cash out means a larger monthly repayment than you might have originally budgeted. Spreading repayment over a larger term can help make your monthly bill more manageable.

We can help you determine if a 30-year fixed refinance is right for you and your budget. Get started by telling us a little more about what you’re looking for in a refinancing loan.