Refinance Without Starting Over

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Издатель Jul 21, 2025

You don’t have to “start over” your mortgage when you refinance. You can actually refinance into just about any number of year term that you want and end up “finishing” your mortgage at the same time you would have.

I did a rate that cost $4k in the example to show how dropping your rate that low would impact the amortization of the loan and how much money goes to paying off the principle. But, would I recommend paying that much for a refi today? Maybe. Depends on the situation and if you need the rate that low for qualification.

It all comes down to the persons main goal.

The things to consider when refinancing are: how much is this going to cost me and how long will it take to “breakeven”? How deep into my current loan am I? Because if you’re 15 years in and then you refinance, a fraction of what was going to pay down your principle on your old loan would be applied on your new loan in the beginning.

If you want our team to see if refinancing is a good idea for you, shoot me a DM with the word “REFI”

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