15 Year Mortgage
The BankerBroker.com® is Our 15-Year Fixed Mortgage
With a 15-year fixed mortgage, you’ll get great rates and a secure fixed payment. Lower rates and a shorter term means you’ll pay less interest through the life of your loan. That makes the 15-year fixed a popular choice for the financially savvy.
Do you want to pay less interest over the course of your loan?
Do you want the security of a consistent rate and payment?
Do you want to pay off your mortgage as fast as possible?
If you answered “Yes” to any of these questions, a 15-year fixed loan might be right for you!
15-year Fixed Mortgage Features
30, 20, 15 and 10-year terms are all available with fixed rates
Refinance up to 95% of your primary home’s value
Buy a home with as little as 5% down (primary home)
How a 15-year Fixed Rate Mortgage Works
Monthly payments based on interest rate, principal loan amount, and amortized interest over 15 years
Your payment will not change throughout the life of the loan
Your actual payment will vary based on your situation and the current interest rates when you apply
Pay your mortgage at any time without pre-payment penalties
15-year Fixed Rate Mortgage Extras
Ask us about Smart PMI – Pay part of your mortgage insurance up front to lower your monthly payment.
Example: $200,000 loan amount, paying 1.125 points, with 30% equity on today’s rate
Over the life of your loan,
a 15-year could save you:
4.25% (4.46 APR)
= $984 per month
3.75% (4.003 APR)
= $1,454 per month