Greg McBride Quotes
There's no incentive to go into that longer maturity now. 
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Incentive | Longer | Maturity |
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Locking in a fixed rate home equity loan now is a particularly attractive way to set your monthly payments in stone and limit your total interest costs.
- Greg McBride
[According to the old rules for refinancing, it wasn't worth your while unless you could lower your rate by 2 percentage points. Now that the process is easier and cheaper than ever, that's no longer the case.] The cost of refinancing is quite [a bit] lower than it was five or 10 years ago... Anyone who has taken out a mortgage in the past few years should look into refinancing.
- Greg McBride