Loan modification n'such

[TX_92_Notch]

What/who sez it has to be a shorter term?
A 30 year at a better rate could lower the payment and get you additional cashflow each month it is rented and would lessen the burden while unrented.

I'm two years into a 15 year note and I don't want to increase the term since that would likely end up costing more (interest) money in the long run, though I admittedly haven't crunched numbers in a payment calculator or anything.

[TexasT]

I can almost guarantee it would cost more in interest on a 30yr note. I was thinking in terms of payment amount and cash flow when rented/leased out. If your tenants are paying for your interest and you are reaping additional cash flow, I would call that a win.

Shoot sounds like you should get it paid for and then finance again and take the cash and do somthing else. Maybe another property or something else.