The email just says the new rate will be for the "life of the loan". I have 38 yrs left on the 40 year that I took out in 2007...so I assume it's the same term? NACA said it will be stated on the paperwork I receive from
CW/BofA....
I think it would be too much to hope for that they decided to give me a 30 yr term in addition to the great interest rate!