15-Year Fixed Rate

Get Pre-Qualified Today & Shop with Confidence!

15-Year
Fixed Rate

Get Pre-Qualified Today
& Shop with Confidence!

The Lowdown on 15-Year Fixed…

As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

The Lowdown on
15-Year Fixed…

As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

Our 15-Year Fixed Rate Mortgage Rates Are Low & Our Process is Quick

This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.

We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE 15-Year Fixed Rate Mortgage Qualifier.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.

Our 15-Year Fixed
Rates Are Low &
Our Process is Quick

This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.

We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE 15-Year Fixed Rate Mortgage Qualifier.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.

What is required for a 15-Year Fixed?

Make copies of the financial paperwork that you’ll use to prove that you can afford the monthly payment on a 15-year fixed-rate mortgage loan. These documents include your last two paychecks, last two federal income tax returns and your most current bank savings and checking account statements. Make copies, too, of your most recent credit card and other loan statements.

Send your Elite Mortgage Officer the copies you made of your financial paperwork. The lender will want your monthly debt obligations, including your new mortgage payment, to be no more than 28 percent of your gross monthly income. When you are applying for a 15-year fixed-rate mortgage, this means that you’ll need an even higher gross monthly income; that’s because the monthly payments with these loans are higher than they are for a 30-year fixed-rate mortgage loan.

What’s required for a
15-Year Fixed?

Make copies of the financial paperwork that you’ll use to prove that you can afford the monthly payment on a 15-year fixed-rate mortgage loan. These documents include your last two paychecks, last two federal income tax returns and your most current bank savings and checking account statements. Make copies, too, of your most recent credit card and other loan statements.

Send your Elite Mortgage Officer the copies you made of your financial paperwork. The lender will want your monthly debt obligations, including your new mortgage payment, to be no more than 28 percent of your gross monthly income. When you are applying for a 15-year fixed-rate mortgage, this means that you’ll need an even higher gross monthly income; that’s because the monthly payments with these loans are higher than they are for a 30-year fixed-rate mortgage loan.

The 15-Year Fixed Rate Mortgage Process

Here’s how our home loan process works:

  • Complete our simple Fixed Rate Mortgage Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the mortgage loan offer that best fits your needs

If purchasing a home, you can now start shopping with confidence with an Elite Realtor to find your perfect home.

The 15-Year
Fixed Rate Mortgage
Loan Process

Here’s how our home loan process works:

  • Complete our simple Fixed Rate Mortgage Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the mortgage loan offer that best fits your needs

If purchasing a home, you can now start shopping with confidence with an Elite Realtor to find your perfect home.

Get Your FREE Loan Quote Now!

Get Your FREE
Loan Quote Now!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

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