15-Year Fixed

Enjoy lower monthly payments and a fixed interest rate when buying or refinancing.

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At Professional Mortgage Associates, we offer the 15-year fixed mortgage as a fantastic option for those looking to pay off their mortgage sooner while saving significantly on interest costs. With a fixed interest rate for the entire 15-year term, you get predictable monthly payments and the opportunity to build equity faster, making this an ideal choice for financially savvy homebuyers and homeowners.

Why Choose a 15-Year Fixed Mortgage?

A 15-year fixed-rate mortgage is perfect for homebuyers and homeowners who want to pay off their loan faster and save on interest over time. With this mortgage option, you will benefit from:

  • Faster Loan Payoff: Pay off your home loan in half the time compared to a 30-year mortgage, helping you become debt-free quicker.
  • Lower Interest Costs: Enjoy lower overall interest expenses over the life of your loan, saving you thousands of dollars.
  • Equity Accumulation: Build equity in your home faster, which can be used for future financial needs, such as home improvements or retirement planning.

Benefits of a 15-Year Fixed Mortgage

Choosing a 15-year fixed mortgage with Professional Mortgage Associates comes with several distinct benefits:

  • Fixed Monthly Payments: Lock in your interest rate and enjoy stable monthly payments that won’t change, giving you complete control over your finances.
  • Significant Interest Savings: A shorter term means you pay less in interest, which can result in substantial savings compared to a 30-year mortgage.
  • Financial Freedom: Become mortgage-free in just 15 years, allowing you to focus on other life goals sooner, such as investing, traveling, or saving for retirement.

Is a 15-Year Fixed Mortgage Right for You?

A 15-year fixed-rate mortgage may be the perfect choice if:

  • You want to save significantly on interest payments over the life of your loan.
  • You have the budget to handle slightly higher monthly payments in exchange for faster loan payoff.
  • You are focused on building equity in your home faster.

Get Started with a 15-Year Fixed Mortgage from Professional Mortgage Associates

At Professional Mortgage Associates, our goal is to help you find the best mortgage solution that fits your financial situation and future goals. With our 15-year fixed mortgage, you can secure a lower interest rate, pay off your mortgage in half the time, and build equity faster.

Our team of mortgage professionals will work with you every step of the way, ensuring a smooth process and finding the most competitive mortgage rates available. Whether you’re buying a new home or considering a refinance, we’re here to help make your dream of homeownership a reality.

FAQs About 15-Year Fixed Mortgages

  • What is a 15-year fixed mortgage?
    A 15-year fixed mortgage is a home loan with a fixed interest rate that stays the same for the entire 15-year term, allowing for predictable monthly payments and a faster path to homeownership.
  • Is a 15-year fixed mortgage better than a 30-year mortgage?
    A 15-year mortgage has higher monthly payments but offers significant interest savings over time. It’s ideal for those who want to pay off their home sooner and save on interest costs.
  • Can I qualify for a 15-year fixed mortgage?
    Qualification depends on factors such as your income, credit score, and debt-to-income ratio. Our mortgage professionals at Professional Mortgage Associates can help you determine if a 15-year fixed mortgage is the best option for you.

Apply Today for a 15-Year Fixed Mortgage!

Ready to secure your financial future and pay off your mortgage faster? A 15-year fixed mortgage from Professional Mortgage Associates can help you reach your goals sooner while saving money on interest.

Get a Quote Now or call us at (818) 237-1171 to speak with one of our mortgage professionals.

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Frequently Asked Questions

Learn more about our 15-Year Fixed services

  • What type of borrower is best suited for a 15-year fixed mortgage?

    Borrowers with a stable income who can afford higher monthly payments and want to pay off their mortgage quickly are ideal candidates. We’ll help you decide if a 15-year loan fits your financial plans.

  • What are the benefits of a 15-year fixed mortgage, and how does it compare to a 30-year option?

    A 15-year fixed mortgage allows you to pay off your home faster and save on interest. While monthly payments are higher, you build equity quicker and end up paying significantly less interest over the life of the loan.

  • How much can I save in interest by choosing a 15-year fixed loan?

    Choosing a 15-year loan instead of a 30-year loan can save you tens of thousands of dollars in interest, depending on your loan amount and rate. We’ll provide an estimate of how much you could save based on your specific situation.

  • What are the monthly payment differences between a 15-year and a 30-year mortgage?

    Monthly payments for a 15-year mortgage are typically higher since the loan term is shorter. We’ll help you determine if your budget can accommodate the higher payments while still meeting your other financial goals.

  • How do I determine if I can afford a 15-year fixed loan?

    Consider your monthly income, expenses, and financial priorities. We’ll work with you to create a budget and see if a 15-year term is manageable without straining your finances.

  • Can I switch to a 15-year fixed mortgage if I currently have a different type of loan?

    Yes, refinancing into a 15-year fixed mortgage is an option if you want to pay off your home faster. We’ll help you evaluate if refinancing makes sense given your current rate and goals.

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