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Overview:
The most aggressive of the Fixed Rate Mortgage options. This loan is paid off in
only 15 years, resulting in a much higher monthly payment. This program is for
individuals who can afford the higher monthly payment and are willing to pay more over a
shorter period of time with the goal of owning the home without debt as soon as possible.
Is It For You?
This loan is for you if you are very aggressive about owning your home sooner or
are close to retirement and wish to remain in your home and not start retirement with any
significant debt. After 5 years you will have paid off approximately 22% of the
principal balance.
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