Want to own your home faster and pay less interest? A 15-, 20-, or 25-year refinance loan can:
- - Have LOWER RATES than 30-year loans
- - SAVE A SMALL FORTUNE in total interest
- - Expedite LOAN PAYOFF
- - Have higher MONTHLY PAYMENTS, but not always
Talking to a loan professional can help you decide if a shorter-term mortgage works for you.
Average rates based on Freddie Mac PMMS for June 1, 2017. Example shows principal and interest only. Rates are hypothetical with .05 points and APRs of 4.05%, 3.67% and 3.27% respectively.