Five Advantages to a 15 Year Fixed Rate Mortgage
August 21, 2008 by TJ
The 15-year fixed rate mortgage for Trident Mortgage offers the qualified consumer five big advantages.
- You own your home in half the time it would take with a traditional mortgage.
- You save more than half the amount of interest of a 30-year mortgage.
- Lenders usually offer this mortgage at a slightly lower interest rate than with 30-year loans
- Fixed rate means exactly that - no matter where mortgage interest rates go, the payments for this mortgage stay the same from the first to the last. This helps many borrowers plan their budgets with more certainty. They know that their monthly payments will not increase (or decrease) and throw their financial planning off.
- 15-year mortgages can be insured by the Federal Housing Administration (FHA) and the Veterans Administration (VA), and with private mortgage insurance.
Dennis Kinslow
Rosemont Station
1251 Montrose Avenue
Rosemont, PA 19010
Phone: 610-520-2706
Fax: 610-527-7443
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