One of our partners, Quicken Loans®, has been urging homeowners to switch to a 15-year fixed mortgage. If the largest mortgage lender in the U.S.,1 not to mention the highest-ranked for Primary Mortgage Origination 11 years in a row and Mortgage Servicing 7 years in a row, is saying this, we thought it was worth looking into.
Why Should You Switch To A 15-Year Fixed?
There are two main reasons. The first is that you could save up to $71,7002 in interest payments over the life of your loan by switching. To find out exactly how much you could save, tap here, enter the information needed to calculate your new house payment and get a free quote from a Quicken Loans mortgage expert.
The second reason is that you can eliminate years of mortgage payments. If you are over 35, this could be very valuable for you. Because a 15-year fixed is paid off years sooner than a 30-year, it means you could pay off your home before you retire.
Tap Here To Calculate Your New Payment and Get A Quote
Are There Any Downsides?
The typical downside of switching to a shorter mortgage is that your monthly payments will go up, but with rates currently near-historic lows, this may or may not be the case for you. Given how much you could be saving at today’s rates by switching, we think it’s worth taking a couple minutes to fill out Quicken Loans simple online mortgage experience to get a quote from one of their experts.
If, after getting your quote, you see that your mortgage payments would stay the same or even go down, then it’s a no-brainer; switching is probably a great idea. If it would slightly increase, compare the overall savings against the increased monthly payment and decide what is best for you.
Tap Here To Calculate Your New Payment and Get A Quote
Why Is FreeConferenceCall.com Writing About This?
We are writing about this because there’s nothing more important to us than our community and when we see an opportunity we believe can help our community, we want to share it. Quicken Loans is part of the FreeConferenceCall.com community. They help us deliver free communication tools to charities, nonprofits and students around the world. When a new company joins our community, we ask if they have anything that our users should know about. Quicken Loans mentioned their 15-year fixed, and we agree, we think this could help a lot of people. We hope you’ll try their online mortgage experience and learn more.
Free Conference Call is a partner of Quicken Loans. Free Conference Call does not provide mortgage services. All mortgage lending and related services provided by Quicken Loans, LLC. Equal Housing Lender, NMLS #3030.
Rocket Mortgage by Quicken Loans received the highest score in the J.D. Power 2010 – 2020 (tied in 2017) Primary Mortgage Origination and 2014 – 2020 Primary Mortgage Servicer Studies of Customers’ satisfaction with their mortgage sales experience and mortgage servicer company, respectively. Visit jdpower.com/awards
1Based on Quicken Loans data in comparison to public records
2https://www.quickenloans.com/learn/should-i-refinance-to-a-15-year-loan
