Is a Conventional 15-Year Fixed-Rate Mortgage Right for You?
About Conventional 15-Year Fixed-Rate Loans
This loan is fully amortized over a 15-year period aments. It offers all the advantages and features constant monthly pay 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.
We’re here to make the home loan process easier, with tools and knowledge that will help guide you along the way, starting with our Conventional 15-Year Fixed-Rate Mortgage Qualifier.
We’ll help you clearly see the differences between loan programs, allowing you to choose the right one for you whether you’re a first-time homebuyer or a repeat buyer.
The Conventional 15-Year Fixed-Rate Mortgage Loan Process
Here’s how our home loan process works:
- Complete our simple Conventional 15-Year Fixed-Rate Mortgage Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Do I Qualify?
When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable rate mortgages and may be a better option in the long run, because you can lock in the rate for the life of your loan.
- Fixed-Rate Mortgage
- Conforming Loans
- Jumbo & Super Jumbo Loans
- FHA, VA & USDA Loans