Because payments in a 15-year scenario are amortized over half the length of a 30-Year Fixed Rate loan, the monthly payments will be significantly higher in comparison. This is an important factor to consider before committing to a 15-year loan. However, the interest rate on a 15-Year Fixed Rate loan will be lower for the same reason - financing for 15 years costs much less than financing for 30 years.Read on...15-Year Fixed Rate Mortgage Loans
Minnesota Mortgage! FHA VA Conventional and Down Payment Assistance Programs Expertise. Peter Boyle - 20 Years Experience! Senior Mortgage Officer - NMLS 218261. Group speaking engagements available.
Talk is Cheap! Mortgage Market Guide Weekly Update
Deal or No Deal? Debt Ceiling Debate Continues! MMG
Mortgage Market Guide Weekly Update! Recovery Slows, Housing Opportunity Grows
Mortgage Market Guide Weekly Update! Economy Slows, Home Loan Rates Hold
Monday Mortgage Market Guide Update! Half Empty... or Half Full?
Monday Mortgage Market Update! Unique Window for Home Loan Rates
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
