Our 15 Year Fixed Rates Are Low & Our Process is Quick & Painless
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 a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a 15 year loan, you commit to a higher monthly payment. 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 isn’t that great.
We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE 15-Year Fixed Rate Mortgage Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The 15 Year Fixed Rate Mortgage Loan Process
Here’s how our home loan process works:
Qualifying for a 15 year fixed-rate mortgage may be more difficult than qualifying for a 30 year fixed-rate loan because you’re paying the loan back in half the time. That typically means a higher monthly principal and interest payment, which can increase your debt-to-income ratio.
Borrowers with sufficient income and manageable monthly debts may find a 15-year mortgage attractive. In addition to paying off your home faster, 15 year fixed loans often offer lower interest rates
