Posts tagged 15-Year Fixed Rate Mortgage
Savings Comparison: 15-Year Fixed-rate vs. 30-Year Fixed Rate Mortgage?

While a 30-year fixed-rate mortgage is currently the most popular home loan product in the United States, another type of home loan, the 15-year fixed-rate mortgage, is growing in popularity. A 15-year FRM allows borrowers to save thousands in interest, while having their home paid off significantly faster. Of course, borrowers will have to fork over more each month in payments, but that can be well worth it due to the long-term benefits of this kind of loan product.

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