15-Year Fixed Mortgage Loans


Establish Equity in Your Home Sooner
with a 15-Year Fixed Rate Mortgage

In 2017, 15-year fixed mortgage rates reached historic lows, resulting in many people refinancing in order to pay less interest over the life of the loan and build equity faster. As a direct lender, Houzzle FInancial can offer some of the best interest rates available for 15-year home loans. A 15-year fixed rate mortgage may be a good option to consider if you:

  • Want to budget based on a consistent mortgage payment
  • Desire a shorter loan term
  • Can accommodate a higher monthly payment

Fixed-rate mortgage loans are available with a variety of repayment terms, with 30-, 20- and 15-year fixed-rate mortgages being the most common among first-time homebuyers and people who are refinancing their current mortgage loan. These differ from adjustable rate mortgages because the interest rate is not tied to an economic index, and therefore, it doesn’t fluctuate.

Set Your Budget with a 15-Year Refinance

Your interest rate, principal and interest payment stay the same for the duration of the loan with fixed-rate mortgage loans. This predictability makes it easer to manage your budget.

Here are some documents you may need to obtain a fixed-rate mortgage:

  • Proof of income
  • Evidence of current mortgage or rental payments
  • Bank statements
  • Verification of your down payment
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