15 Year Fixed Mortgage Rates

• Payable over 15 years
• Amortized over 15 years
• Payments never change for 15 years
• Rate never changes for 15 years

15 year fixed mortgage rates are great for individuals that have the ability to make a higher payment than the 30 year fixed rate mortgage because you will pay less interest over the life of the loan. Borrowers interested in a fixed rate mortgage should look at the payments on all of the different terms to determine what will work best for their specific financial situation. 15 year fixed rates will have a lower interest rate than a 30 year fixed rate mortgage. You can send in additional principal payments on your 15 year fixed mortgage and payoff your mortgage even earlier.

The loan term is 180 months and an amortization table will show you the amount of principal and the amount of interest that you will pay each month over the life of the loan. You will notice that most of the interest is paid in the early months of the loan and most of the principal is paid in the last months of the loan. If you are interested in 15 year fixed rates just fill out the simple application and one of the lenders that we work with will contact you immediately. You will get up to date refinance rates 15 year fixed.

Now that you understand the basic details about 15 year fixed mortgage rates you are ready to obtain a detailed proposal to see how a refinance can benefit your financial situation. Fill out our simple application and you will be contacted by one of the lenders that we work with shortly. They will be able to go over all of the different loan programs with you to help you determine what will work best for you.