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The shortest of Wyndham Capital’s refinance options, 10-year refinance loans can replace your current mortgage with a new one offering competitive rates and lower monthly payments.
Save big with a smaller loan. Pay your loan off sooner to potentially save thousands in interest over the life of your mortgage. Another perk is building equity faster than other loan options.
Ready to buy a home and have at least a 620 credit score? You may qualify for a conventional loan with as low as a 3% down payment.
If you live in a high-cost area or need a mortgage that exceeds conforming loan limits, a jumbo loan might be the right product for you.
Certain buyers may benefit from a USDA loan depending upon their income or home's location. Another bonus: No down payment is needed.
ARMs often start out with lower interest rates than fixed-rate loans. You may want to consider an ARM if you believe your income may grow as the interest rate and payment increases.
If making a down payment is difficult or your credit has taken some hits, consider an FHA loan. These flexible government loans could be a budget-friendly option.
If making a down payment is difficult or your credit has taken some hits, consider an FHA loan. These flexible government loans could be a budget-friendly option.
What is a 10-year refinance?
A 10-year refinance is the shortest refinance options available. It’s the process of replacing a current mortgage loan with a new one for a variety of reasons. Utilizing 10-year refinance rates can get a borrower competitively lower interest rates available while possibly lowering their monthly payment.
Pros and Cons of 10-Year Refinance Rates and Terms
Pros
Cons
Reasons to Choose a 10-Year Refinance
Because 10-year mortgage refinance rates offer competitively lower refinance options, this could save you money over the life of the loan. A 10-year refinance loan may entice you due to saving money, building equity faster and paying the loan off sooner.
2023 Wyndham Capital Mortgage is an Equal Housing Lender. NMLS ID# 2948 (For licensing information, go to https://www.nmlsconsumeraccess.org/) | 888-923-9911 | 4064 Colony Road, Morrocroft II, Floor 2, Charlotte, NC 28211 | Wyndham Capital Mortgage licensed by
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All Rights Reserved. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, term, conditions are subject to change without notice. Wyndham Capital Mortgage is not affiliated with any government agency.