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Americans Pay Off Their Homes At A Furious Pace

1 hour 15 minutes ago

Clocks Ticking for homeowners who want to lock in a low rate that will never rise

Pay faster to save your money

Paying your mortgage off faster by switching to a 15-year fixed loan. Refinancing to 15-year mortgage allows homeowners save up to $159,447 in pure interest. The result can be a lower interest rate, more favorable terms or even the opportunity to walk away with cash in your pocket.

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15-Year Mortgages help homeowners pay off their homes in as little as half the time and save up to $159,449 in interest payments

It’s a simple equation, but bankers don’t want you to solve it. After all, big banks make millions of dollars from interest. Avoiding it is not something that’s in their interest (pun intended) to do.

Have you ever noticed the interest accrued on your credit card, automobile or student loan statement and been shocked by the total you see? It happens to people every day! Take this account from a borrower writing on morningfinance.com: when he put pencil to paper, it turned out that 72% of the monthly payment on a 30-year mortgage was going straight to interest. By switching to a 15-year mortgage, he could save $159,447 in pure interest.

How To Switch To A 15-Year Fixed

Switching to a 15-year mortgage program is the expert that can tell you how much you can save by switching to a 15-year fixed. It only takes about five minutes to use the easy online form to get connected to mortgage experts, and our radically simple mortgage experience can help you see very quickly if you're in the right mortgage or not. It can't hurt to look. Rates for 15-year fixed mortgages could be on the rise soon so now is the time to Check your eligibility >>.

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