Been looking into refinancing lately, mostly to get some breathing room with monthly bills. I'm stuck between going for a shorter-term loan with lower interest (but higher monthly payments) or stretching it out longer to lower my monthly costs, even though I'd pay more interest overall. Kinda torn here... anyone been through this and have thoughts on which worked better for them?
Totally get where you're coming from—refinancing can feel like a balancing act. I've seen folks go both ways, and honestly, it depends on your comfort level. Shorter terms save you money long-term but can be stressful if your budget's tight. Longer terms ease the monthly pressure, even if you pay a bit more overall. One thing I'd suggest is checking if there's an option to make extra payments without penalties—that way you get flexibility to pay more when you can afford it.
