Get a COMPLIMENTARY quote on a 15-year fixed rate mortgage & save thousands of dollars per year.
The Lowdown on 15-Year Fixed Rate Mortgages...
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.
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 specialists that will help guide you along the way, starting with our Complimentary
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:
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a. The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
*Calculator Disclaimer: Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
TRID Disclaimer: Your actual rate, payment and costs could be higher. Get an official loan estimate before choosing a loan.
PRMI NMLS 3094. Branch NMLS 994598. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Arkansas Securities Department 11558. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act 4130403. Office of the State Bank Commissioner SL.0000524. Missouri Division of Finance. Oklahoma Department of Consumer Credit ML010027. This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas. TN-Department of Financial Institutions 109282. Consumer Voice