15 Year Fixed Rate Mortgage
Pay your home off in half the time and keep more of your money.
Build equity fast
A 15 year fixed rate mortgage locks your interest rate for the full term and pays the home off in half the time of a 30 year loan. Shorter terms typically come with lower rates than 30 year loans, and because you borrow for fewer years the total interest you pay can drop dramatically.
Who it’s best for
- Homeowners who can comfortably handle a higher monthly payment
- Buyers planning to be mortgage free by retirement
- Refinancers who want to shorten their remaining term
- Anyone who wants to build equity as quickly as possible
Things to weigh
The required payment is higher because principal is repaid over a shorter period. Before choosing a 15 year loan, make sure the payment still leaves room for savings, emergencies and Florida’s insurance and tax costs. Curtis will help you stress test the budget so the loan works for your life, not just on paper.
Frequently asked questions
Can I refinance from 30 years to 15 years?
Yes. Many homeowners refinance into a shorter term once their income grows. Curtis can show whether the savings justify the closing costs.
Are 20 and 10 year terms available?
Yes. Many lenders offer 10, 20 and 25 year fixed terms too. Curtis can price several terms so you can pick the balance of payment and savings that fits.
This page is general information, not a commitment to lend or an offer of credit. Program availability, eligibility and terms depend on your credit, income, property and lender guidelines and are subject to change. Contact Curtis for options specific to you.
Not sure which loan fits?
That’s Curtis’s job. Answer a few quick questions and he’ll compare your options across 60+ lenders.