About 15-Year Fixed-Rate Loans
A 15-year fixed-rate mortgage is an excellent tool for borrowers who want to pay off their home loan in half the time and save a significant amount on interest. With a fixed interest rate and consistent monthly payments, you get the same stability as a 30-year loan but reach your goal of full homeownership much sooner.
At Forward Mortgage, LLC, we’ll help you explore if this accelerated loan is the right fit for your financial goals.
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 15-Year Fixed Rate Mortgage Qualifier.
Is a 15-Year Fixed-Rate Loan Right for You?
This loan is fully paid off over a 15-year period. While it offers all the security of a fixed-rate mortgage, the main difference is the balance between your monthly payment and your long-term savings.
- Key Advantage: You’ll typically secure a lower interest rate than with a 30-year loan, and you will build equity much faster. This can save you tens of thousands of dollars in interest over the life of the loan.
- Key Consideration: To pay the loan off in a shorter timeframe, you must commit to a higher monthly payment. It’s crucial to ensure this larger payment fits comfortably within your budget.
Our Simple 15-Year Loan Process
We’re here to make the home loan process easier, with tools and knowledge to help guide you along the way.
- Complete Our Quick Qualifier: Start with our simple 15-Year Fixed Rate Mortgage Qualifier
- Receive Your Custom Options: Get a clear picture of loan options based on your unique financial scenario.
- Compare Rates and Terms: We’ll help you clearly see the differences between loan programs so you can choose with confidence.
- Select the Best Offer: Choose the loan that best fits your needs and helps you achieve your homeownership goals.