Helpful Mortgage And Real Estate Advice

Infographic – 15 VS. 30 Year Fixed Rate Mortgage

By Jessica Lucas on November 13, 2013 in Mortgage Infographics

15 to 30 yr mortgage

Fixed rate mortgages for some are more affordable since the rate stays the same for several years regardless of market conditions that affect the movement of rates. The most common fixed rate mortgages are either a 15 year or 30 year. Keep in mind that majority of the time the longer the life of your loan, the lower your monthly payment and vice versa.

Tags: Mortgage Payments

About the Author

About the Author: Jessica Lucas is the managing editor for Mortgage Home Base, a top real estate finance blog dedicated to helping borrowers and home buyers understand the home loan process. Follow Jessica on Google +, and share your comments here. More from this author.

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