Best Mortgage Lenders Offering 20 Year Refinancing Option


Thinking about refinancing your home loan? Consider a 20 year mortgage as an affordable alternative to 15 year mortgage rates. Here’s an article on with several good reasons for choosing a 20 year term length over the standard 30 year mortgage you’re paying on now.

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You don’t hear a lot about 20-year fixed-rate mortgage loans, and many lenders don’t even advertise their lowest rates. But they can be a practical refinancing alternative for borrowers who can’t afford the higher payments on a 15-year loan but don’t want to stretch their payments back out over a 30-year period.

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Remember the fees you pay when mortgage refinancing make or break the deal you’re getting. The reason closing costs are so important is that you have to recoup your expenses before benefiting from that low mortgage refinance rate. It doesn’t matter if you’re going through a local broker or a nationwide giant like Amerisave, pay close attention to all the fees on your Good Faith Estimate and question everything.

One of the most common mortgage mistakes is focusing only on getting the best refinance rates at the expense of points and fees. Did you know that all of your mortgage refinancing closing costs are negotiable and vary wildly across lenders? Invest a little of your time negotiating fees and you can save yourself hundreds of dollars at closing.

You can learn more about getting today’s lowest refinance mortgage rates without paying lender junk fees by checking out my free Underground Mortgage Videos.

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