Thanks for your help.
Was sold to Freddie Mac soon after I closed. Extending the term causes me to pay more interest or there just taking what I have & stretching it out longer? A 25% reduction would be amazing for me. Is there any restrictions on how old the loan needs to be already? I literally have only made one payment. & yes Covid hardship is able to be claimed.
If you owe money for a longer period of time, you will definitely end up paying more interest (except if a portion is deferred interest free), but if you have an improvement in CURRENT cash flow and can get more than 3.125% out of that improvement in cash flow (if you don't know how/where, you can PM me), I think it makes a lot of economic sense.
As to your question on whether it isn't too soon, I really don't know. You can try reading through some of the information in the links I posted above.