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15 Year Fixed Rate Jumbo
Nationwide Mortgage Loans offers many fixed rate loan programs. The 15 year fixed jumbo mortgage provides a fixed interest rate that is fixed for the entire term of the loan. Nationwide offers home equity, second mortgage and refinance loans with a fixed or adjustable interest rates.
With the 15 year fixed rate, you can benefit from a lower rate than the traditional 30 year fixed rate. Top loan experts believe that it is important for borrowers to be confident when taking a loan on against your home. 15 years of fixed payments is a responsible mortgage, because you are making payments towards paying down the principal, and interest.
Nationwide Home Mortgage Loan Spotlight |
 Pay Option Home Purchase Loans
With interest rates starting at 1.25%, it is hard for homebuyers to pass up the mortgage payments that are nearly 50% lower than the traditional 30 year fixed loans.
The interest is deferred and added to the balance, but this loan has helped many borrowers increase their purchase power because they qualify for larger loan amounts.
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Finance Tips and Loan Advice
Benefits:
Lower rate for 15 years can save you thousands of dollars. Your home can be paid in full in 15 years.
Concerns:
Monthly payments are quite a bit higher than a 30 year Fixed Payment.
Reduced Cash Flow
- Increase Loan Amount Size
- Refinance for Lower Rate
- Low Rate Second Mortgages
- Debt Consolidation
- 100% Home Equity Loans
15 Year Payment Example:
$475,000 15 Year Fixed Jumbo at 6%
180 Monthly Payments at $4,008.32
Don't wait any longer, Call 1-800-242-6986 to speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quotes with no obligation. |
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ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit? |
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