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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

15-Year Fixed Mortgage

15-Year FIXED Rate Mortgage

Save money over the course of your loan with a lower interest rate and pay off your mortgage faster.

Benefits of a 15-Year Fixed

Pay Less Interest Over the Course of Your Loan

  • Rest easy knowing your monthly principal and interest payment won’t change.

  • Pay off your mortgage faster than with other loans.

  • Pay much less interest than a longer-term loan.

  • Buy your primary home with as little as 3% down.

  • Refinance your primary home for up to 97% of its value.

Why You Should Choose Advanced Funding for Your 15-Year Fixed Rate Loan

  • You’ll get a completely online application process with less paperwork, and you can track the status of your mortgage application.

  • Our Home Loan Experts are available to answer your questions and help you understand the details so you get the right mortgage for you.

  • We will shop several mortgage lenders to find the best loan solution for your needs.

Other Popular Loan Options

How a 15-Year Fixed Mortgage Works

  • You’ll pay off the mortgage in 15 years. Because you’ll pay off the loan faster than a 30-year mortgage, you’ll pay less in interest over the life of the loan.

  • You can pay down your mortgage at any time without prepayment penalties.

  • Your payment will go toward paying the principal (the amount you borrow) and interest (a fee you agree to pay when borrowing the money). It will also be used to pay your taxes and insurance.

  • With a fixed interest rate, your principal and interest payments won’t change over the life of the loan. The amount for your taxes and insurance can go up and down.

  • You might have to pay for mortgage insurance. This depends on your down payment if you’re buying a home, or how much equity you have if you’re refinancing.

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