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FHA 15 Year Fixed Rate Mortgage – 5 Reasons to Get Approved for a 15 Year Fixed Rate Mortgage Today FHA mortgage rates are lower on 15-year loan terms. With a 15-year mortgage, you will own your home in less than half the time you would with the traditional 30-year mortgage.
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Drawbacks Of Refinancing Into A 15-Year Mortgage | Bankrate.com – Drawbacks of refinancing into a 15-year mortgage – What flexibility means With a 15-year mortgage, your minimum monthly payment is just that – a minimum. But a mortgage lets you pay more than the minimum payment every month. In the scenario below, you could get a $200,000, 30-year loan and pay it.
15 Year Mortgage Rates Today Refinance | Finance Information – When you refinance from a 30-year fixed-rate mortgage to a 15-year home loan, you pay a lower interest rate and save a lot in interest payments. But a 15 – year mortgage rate has two major drawbacks compared with a 30- year loan for the same amount: The monthly payments are higher.
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