About 15-Year Fixed-Rate Loans

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.

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.

As the most experienced mortgage company Fairhaven, MA has to offer, we’ll help you clearly see the differences between loan programs. With our assistance, you’ll be able to choose the right one for you whether you’re a first-time home buyer or a repeat buyer.

The 15-Year Fixed Rate Mortgage Loan Process

Here’s how our home loan process works:

• Complete our simple 15-Year Fixed Rate Mortgage Qualifier
• Receive options based on your unique criteria and scenario
• Compare mortgage interest rates and terms
• Choose the offer that best fits your needs

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.