A 15 Year Fixed Mortgage Rate Loan can Pay Off Your Home Faster
About 15 year fixed mortgage rates
15 year fixed mortgage rates are always about a half point lower than 30 year fixed mortgage rates. For example, if 30 year fixed mortgage rates are at 5%, then you can expect 15 year fixed mortgage rate loans to be around 4.5%.
In the first ten years of any mortgage loan, you are paying almost all interest. For example, on a mortgage loan of $200,000 at a fixed rate of 5% on a 30 year term, your fully amortized (principal and interest payment) will be $1073. Of that $1073, $833 is the interest payment.
Read rest of article 15 year fixed mortgage rates
comments
Leave a Reply
Ads & Traffic - FREE!!!
Internet Marketing- New Theme: A Simpler Time 17/05/2012There’s something about this time of year that always makes me wistful for the good old days—the simpler times, if you will—when all that mattered were family, friends, and a whole lotta blogging about everything under the sun. I miss those days, don’t you? Fear not, my fellow blogging friends. We’ve got you all covered […]
- Stay In The Conversation 15/05/2012It’s now much easier for you and your commenters to keep track of the conversations you’re involved in across WordPress.com. Some recent tests have shown that by subscribing commenters to new comments by default, they are more likely to stay engaged and come back and comment more on your blog. With that knowledge, we’ve changed […]
- Look at These Gorgeous Blogs 15/05/2012We’ve added a user showcase where you can view stunning customizations made by people just like you. From complete redesigns with CSS to adding pizzazz with Custom Fonts to clever use of options like background and header, this showcase will spark your imagination and inspire creativity. Discover details about what each showcase blog is doing […]
- New Theme: A Simpler Time 17/05/2012