Published on Sep 09, 2025
Welcome to another Q&A session where I answer questions from you all on the internet.
Today's question is:
Oftentimes, I get a question of, "Oh, I don't know if I should refinance right now, even though I would want to, but, um, the problem is I don't want to go back. I don't want to go back 30 years. I don't want to go back.
I've been in my house now for three years, and the only options that I have is a 30-year loan or go and get a 15-year loan, but my payment's gonna go up." So what I tell the people, and... that I work with, right, is that there are options out there.
So I actually can allow, um, a person that just been in a house for three years or two years and do a 28-year loan or a 27-year loan, so they don't go back, and they can still use that savings. So if there's a, uh, better rate out there, but you're thinking, "Oh, man, I shouldn't refinance because I just don't want to go back to 30 years," you have options. Let us help you.
One of the most frequent questions we hear from Everett homeowners is, “I’d love to refinance, but I don’t want to restart a brand-new 30-year loan.” Imagine this—you’ve been in your home for three years, steadily paying down your mortgage, and then the thought of refinancing makes you feel like all that progress disappears overnight. It’s a valid concern. Nobody wants to feel like they’re undoing years of hard work just to chase a lower rate.
On the flip side, many people also hesitate because the alternative—a 15-year loan—comes with a significantly higher monthly payment. For most families, that jump in payment just isn’t realistic. So the question becomes: is refinancing worth it if it feels like you’re stuck choosing between two extremes?
Here’s the good news—those aren’t your only options. At Home Right Lending, we show our clients that refinancing isn’t a one-size-fits-all decision. You don’t have to go all the way back to a 30-year term, and you don’t have to lock yourself into a higher-payment 15-year loan either.
If you’ve been in your house for three years, you can refinance into a 27-year loan. If it’s been two years, you can choose a 28-year loan. This way, you keep your progress intact while still taking advantage of the savings that come with today’s better interest rates.
Customized loan terms give you more control over your financial plan. Refinancing to a shorter term keeps you moving toward payoff without erasing years of payments. Plus, it lets you lower your monthly obligation if you secure a better rate. That balance—keeping momentum while freeing up monthly cash flow—is what makes this option so powerful.
For example, let’s say you’ve been paying on a 30-year loan for three years. Refinancing into a new 27-year term at a lower interest rate might save you hundreds each month, without restarting your mortgage clock. Instead of losing progress, you gain flexibility and breathing room.
If you’ve been holding back from refinancing because you don’t want to reset the clock, now you know—you’ve got options. You can choose a loan term that fits your exact timeline, whether that’s 27, 25, or 20 years. It’s all about building a refinance plan that saves you money and keeps you on track for your financial goals.
At Home Right Lending, our job is to give Everett homeowners real choices. If you’re interested in lowering your rate but worried about losing your progress, give us a call. We’ll walk you through flexible refinance options that fit your life—not just the standard 30- or 15-year molds.
Everett homeowners can refinance without restarting a 30-year term. Choose flexible options like 27- or 28-year loans to save money and keep your progress.