Refinancing your home loan is a great way to lower your interest rate without resetting your loan term to 30 years. Many homeowners in Arizona don’t know that refinancing doesn’t have to mean starting over. Instead, you can lock in a lower rate while keeping your current loan term. This allows you to save money without extending your commitment.

Refinancing is all about securing a better deal. While many opt for a 30-year term, you can choose to stick with your current loan duration. This will lower your monthly payments and reduce the interest you pay over time. Refinancing doesn’t require extending your loan term, so you can maintain your schedule and enjoy the benefits of a lower rate.

If you’re considering renovations or property investments, options like fix and flip loans in Arizona and DSCR loan programs could be the right choice. Arizona home loan rates remain competitive and refinancing can set you up for long-term financial success.

If you’re in Arizona and want to explore home loan refinancing or need help with home equity loans, our team of Arizona mortgage brokers is here to guide you. Call (480) 307-4107 to see how refinancing can benefit you.