Choose Your Loan Term

Most mortgages come in standard 15- or 30-year terms, but some programs let you choose a custom term - for example, 27 years or 24 years - tailored to your specific goals.

This can be especially useful when refinancing: instead of resetting the clock back to a full 30 years, you can choose a term that lines up with how many years you have left on your current mortgage, so you keep making progress toward paying off your home instead of starting over.