- Homebuyers
- June 15, 2016
15-Year Fixed Rate Mortgages
If you want to pay off your 30-year Fixed-Rate loan in half the time, a 15 -year Fixed-Rate Mortgage may be your best option.
If you want to pay off your 30-year Fixed-Rate loan in half the time, a 15 -year Fixed-Rate Mortgage may be your best option.
The two most common fixed-rate loan durations are 15 and 30 years. Whether you want a shorter or longer loan term will depend on your financial situation.
The main advantage of an ARM is that for the initial payment period of the loan, you are paying a very low interest rate and have much more affordable monthly payments.
If you're wondering which loan is the right choice for you, this guide can help you understand your options.
Current VA mortgage holders may refinance with the VA Interest Rate Reduction Refinance Loan (IRRRL) to lower their interest rate.
Guide to Veterans Loans loans. If you have served in the U.S. military or are a surviving spouse of an individual who passed away while on active duty, you may qualify for a VA home loan.
Depending on your financial situation and goals, an Interest Only Mortgage could be the best fit for your borrowing needs.
A VA loan is a mortgage that was originally engineered to provide a financing option for veterans and their families or the surviving spouses.
Learn about the benefits and requirements of a VA home loan.
Depending on your particular situation and financial goals, an ARM loan may be a great option for you.