Get a FREE quote on a 15-year fixed rate mortgage & save thousands of dollars per year.
This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan plus it will always have a lower interest rate. The disadvantage is that with a 15-year loan you commit to a higher monthly payment. However, because of this higher monthly payment, you pay off your mortgage twice as fast and pay less interest over the life of the loan. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment since the difference in interest rates typically isn’t that substantial.
We're here to make it a whole lot easier with tools and expertise that will help guide you along the way. It starts with our FREE 15-Year Fixed Rate Mortgage Qualifier.
We'll help you clearly see and understand the differences between loan programs and to give you the information necessary to choose the right one for you.
Here's how our home loan process works:
As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run because you can lock in the rate for the life of your loan.
Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:
