15 & 20 Year Fixed Rate Mortgages

A 15 or 20 year fixed-rate mortgage offers a lower interest rate than a 30-year mortgage, potentially saving you a significant amount of interest over the life of a loan.

These shorter term loans can help you build up equity in your home more quickly and pay off your home sooner.

Avantages:

  • Pay off loan more quickly
  • Usually less interest over life of loan
  • Loan can be refinanced if rate drops

Disadvantages:

  • Monthly payments are higher than a 30 year loan
  • Monthly payment does not change if interest rates drop

Learn More

Call now at 443-398-0711 or click the button below for a free mortgage consultation. We will help you every step of the way.

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