15 Year Mortgage - Low Rates and Benefits

With 15 year mortgage rates now below 4.5%, an opportunity exists for homeowners who can afford the payment to establish a financial plan to eventually pay off their mortgage.

What are the potential benefits of a 15 year mortgage?

• Provides a fixed rate payment to eliminate the mortgage over a reasonable term.

• Incorporates the retirement of the mortgage into an overall retirement plan.

• A 15 year mortgage rate guarantees a rate of return from the opportunity cost.

• Less financial stress comes with the security of paying off and owning a home.

• 15 year mortgage rates are usually a little lower than 30 year mortgage rates.

• Save a large amount of interest expense on a 15 year loan instead of 30 years.

Mortgage Loan Rates