Pay Off Your Loan in Half the Time
Paying off your loan in 15 years rather than 30 saves you thousands of dollars in interest over the life of the loan. Refinancing to a 15-year fixed rate mortgage gives you:
- Faster Payoff—Paying off your loan in 15 years can save tens of thousands of dollars in interest.
- Better Interest Rates—Interest rates of 6-7% were common during the early 2000s, but they seem painfully high now. When you refinance, we can lock in lower rates to save you thousands.
- Faster Equity—Because you’re paying more principal each month, the equity in your home will build up faster.
- Peace of Mind—Paying off your home sooner can give you more security during your retirement years since you won’t need to worry about making a mortgage payment each month.
How it Works
With a 15-year loan, you make higher payments each month in order to pay off your loan in half the time. Our home loan experts will help you find the loan that is right for you and walk you through the application and approval process.
Contact Money Street Mortgage today to find out how we can help you pay off your mortgage faster.