15-Year Fixed Rate Mortgages on the Cheap!

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The Lowdown on 15-Year Fixed Rate Mortgages...

Our 15-Year Fixed Mortgage

Do you want to own your home in California sooner rather than later?

Does the idea of making a mortgage payment decade after decade stress you out?

If so, a 15-year fixed mortgage might be the perfect solution.

Just as the name suggests, you only pay on this mortgage for 15 years. Once the 15 years are up, you own the home. You no longer have to report to the banker and send in those monthly payments.

You are free and clear to live out the rest of your life in peace.

That sounds great, but is a 15-year mortgage loan right for you? Check out some information about this type of loan. Then, you’ll know if you need to hit the brakes or hit the gas and soar into your new home with a 15-year mortgage.

How it works

If you get a 15-year mortgage, your payment will never change. You will pay the same dollar amount from day one until the end of the loan.

In the beginning, you will mainly make payments toward the interest of the loan. Then, as the years tick by, your payments will mainly go toward the principle. You will build equity very quickly during this period.

While the 15-year fixed mortgage rates in California vary, you can get a good idea of what to expect by looking at the past several years. During the last five years, the rates have been as low as 2.66 and as high as 3.53. The 15-year fixed mortgage rates history indicates that you can expect to pay around 3 percent interest if you go with this loan.

As you know, 3 percent is an excellent interest rate. In fact, it is lower than some of the loans out there, making this a nice choice for people who don’t want to pay a lot in interest.

You don’t have to wait any longer to find out how much you will pay for your California mortgage loan.

Get My FREE 15-Year Fixed Rate Quote!

Saving Money with a 15-year Loan

Now that you know how it works, you still have a big question.

Is it expensive?

You know the interest rate is lower than you would get with a 30-year loan, but can you afford a 15-year mortgage?

You are going to pay a higher monthly payment than you would with a 30-year mortgage, but you will save money in the long run.

First, you will save thousands of dollars on interest. Think of what you could do with all of that money. You could buy a boat to take out in the California Bay could go on a cross-country adventure. With extra money in the bank, there is no limit to what you could do.

You’ll also save money on mortgage insurance. Mortgage insurance is a must if you can’t put 20 percent down on the loan, but you won’t have to pay nearly as much for insurance as you would with a 30-year loan.

On top of that, you’ll be finished paying off your property in a mere 15 years. Once you send in that last check, you’ll have tons of extra money.

Find out how affordable 15-year loans are.

15-Year Mortgage Refinance Options

As you know, the market can go up and down. Some fluctuations are par for the course, but if the market rates drop really low, you might want in on the action. If so, we can talk to you about refinancing. That is an easy way to lock into a new rate. We will go over the mortgage closing costs with you to determine your breakeven point with the new rate. This will help you decide if a 15-year mortgage refinance is a good option.

Benefits and Drawbacks of 15-Year Fixed Mortgages

Taking in so much information about 15-year fixed mortgages can be overwhelming. Let’s simplify the process by looking at the benefits and drawbacks of these loans. With a quick look, you’ll know if one of these loans is the right choice or if you should look at one of our other products.

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Benefits
• Set interest rates mean there are no surprises.
• Your payment never changes during the lifetime of the loan.
• Refinance options are available when interest rates go down.
• Your home will be paid off in 15 years.

Drawbacks
• 15-year fixed rate mortgages can have higher interest rates than the initial ARM rate.
• You might have to pay a higher interest rate than the going market rate if the rate decreases.

Do I Qualify?

Your credit score and your income are only part of the picture. Our team of brokers and lenders looks at a variety of factors to determine if you qualify. Whether you have stellar credit or you have experienced a few bumps in the road, we invite you to complete our simple 15-Year Fixed Rate Mortgage Qualifier to find out if you can get a new home.

How to Get Started

Are you ready to buy a new home or a piece of investment property? If so, it is time to get started. When you choose POP Mortgage, you don’t have to jump through hoops to get your loan.

Our company acts as a mortgage broker and a mortgage banker. That means that we are able to search for the best rates for you, and we can provide the money in-house. By having both of these services under one roof, we speed up the process for you.

We don’t just make it fast, either. We offer some of the best rates in the business. In fact, we can beat the banks.

Don’t believe us? Get your quote today and see why we are becoming the go-to company in California. Once you get your quote, we will be ready to help you move forward. With just a few simple steps, you can secure your 15-year mortgage for the California property of your choice.

Do I Qualify?

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.

  • Fixed Rates
  • Conforming Loans
  • Jumbo & Super Jumbo Loans
  • FHA, VA, & USDA Loans
  • Terms from 5 to 30 Years

Get Your FREE California 15-Year Fixed Rate Quote Now!

I Want My FREE 15-Year Fixed Rate Quote!