when you refinance can you get a 30 yr mortgage, can it be conventional mortgage that can be paid off anytime with no penalties? I have a mortgage from december of 2013 @ 4.50% can I refinance at this time and would it be worth it.

Most loans have no pre-payment penalties anymore. To let you know if it would be worth refinancing give us a call and as always we can give you a free analysis to see what the best option is for you. If you decide after we give you all of your options not to do anything, we have software that will let us know at anytime if the scenario is available that you would like we can alert you right away! Call anytime 800-991-5309 ask for Michelle or Benny

Nearly all loans originated recently do not have prepayment penalties (you'll want to double check to see that yours does not). Whether or not it is worth it is another question. Rates are in the same area right now, so I'm not sure it would be worth the cost to refinance. However, if you have another reason for refinancing like taking cash out, taking someone off the mortgage or consolidating debts, it may make sense. Talk to a local mortgage professional and see what your options are.

I would need more info in order to determine if it would be worth it to refinance. I do have rates in the mid 3's, it just depends on other factors and what program would best suit you. there are no penalties on any of the loans, please feel free to call me to discuss this further to see if it is a benefit for you. I can be reached daily till 10pm including weekends. You may reach me at 631-360-2151Thank youJoy GoldbergAccurate Capital Corp

1. Yes.. you an refinance into another 30 year mortgage. 2. it can be conventional. 3. all conforming loans today have ZERO pre payment penalties. 4.5% is a good rate, and it's unlikely there would be any benefit to you to refinance now.. you could go with a 5/1 ARM, which could get you a rate about 1% lower than your paying now, but we would need a lot more details to know for sure if this would net you a benefit.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

The majority of mortgages available today do not have any prepayment penalties, meaning you can pay it off at any time. If you want to pay off your mortgage sooner and save in interest payments, you should also consider a 15 year loan. While the monthly payment will be higher than a 30 year loan, you will end up paying far less over the life of the loan. Find a local mortgage lender that can go over your options with you.