That's because the longer loan length means more interest costs although your monthly payment will be smaller, he said. (sun-sentinel.com)
The details of the new mortgage loan can be customized by the homeowner, include the new loan's mortgage rate, loan length in years, and amount borrowed. (themortgagereports.com)
You can do this by choosing a shorter loan length, which will increase the amount that you would pay compared to a thirty year loan. (thebalance.com)