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Can i go back to a 30 year loan from a 15 year when i refinance ?

by judithdeming342 from West Lafayette, Indiana. May 27th 2014 Reply


Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

Yes Judith, you can go from a 15 year to a 30 year when you refinance. Have the loan officer review all of your options to help you find the best loan to fit your wants and needs. Best wishes, Sean

May 27th 2014
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Joel Asbury (Winterwood)
#44 ranked lender in Indiana - 34 contributions

Sure can! Give me a call at your convenience - 317-450-8394 - I would love to discuss it further with you! Looking forward to our conversation.Thanks!

May 27th 2014
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John Moran (SimplifyMortgage)
#7 ranked lender in Arizona - 663 contributions

Absolutely, when you refinance, you can always choose your new loan term as long as you qualify for the payments. Keep in mind you are adding on to the length of payments and will pay more interest over time, but if lowest payments are your goal, this would make sense.

May 27th 2014
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Yes, and it should lower your payments.

May 27th 2014
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Brian Esquivel (NewAZMortgage)
#23 ranked lender in Arizona - 67 contributions

Yes Judith, you are able to refinance from a 15 year mortgage into a 30 year mortgage and your payment will be lower due to the longer amortization.

May 27th 2014
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