The altblog.

Curious if refinancing your mortgage resets your loan term? Explore how refinancing works, its impact on your loan term, and strategies to avoid starting over.

Altgage PrePay was born because a mortgage broker told me I could not get a 23yr mortgage. He called it an “odd-term amortization.” I did not know what amortization meant and asked — “why not?” If it isn’t 15 or 30-yrs, it’s odd, but what in the world was amortization?