Save substantially on total interest paid over the life of the loan compared to a 30-year mortgage, thanks to the shorter term and typically lower interest rates.
Build equity in your home much faster and own your home free and clear sooner, achieving full homeownership in just 15 years.
Interest rate is fixed for the full 15 years.
Loan is fully repaid in half the time of a 30-year loan.
Pay significantly less total interest over the loan's life.
Accumulate home equity at an accelerated pace.