refinancing to 15 year mortgage

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Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). Government A loan that is either backed by the federal housing administration (FHA) or a VA loan for eligible service members and veterans.

When shopping, ask about: If 15-year term makes the payment too high, whether 20-year term is available; What is a 15-year fixed-rate mortgage? A loan used for purchasing or refinancing a home with an interest rate that never changes and a repayment term of fifteen years. Why choose a 15-year fixed-rate mortgage (FRM)?

Try our easy-to-use refinance calculator and see if you could save by refinancing. Estimate your new monthly mortgage payment, savings and breakeven point.

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