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Today’s low 15-year fixed rates can mean major savings for you

  • Do you want to pay less interest over the course of your loan?
  • Do you want the security of a consistent rate and payment?
  • Do you want to pay off your mortgage faster?
If you answered “yes” to any of these questions, a 15-year fixed-rate mortgage might be right for you! Lower mortgage rates and a shorter term means less interest overall, making this loan a top choice for the financially savvy.

Why you should choose Quicken Loans

See where we’ve financed homes near you! Other Loans you might be interested in:

15-year fixed-rate mortgage qualification requirements

  • Refinance up to 97% of your primary home’s value
  • Buy a home with as little as 3% down (primary home)

How a 15-year fixed-rate mortgage works

  • Monthly payments based on interest rate, principal loan amount, and amortized interest over 15 years
  • Your payment will not change throughout the life of the loan
  • Your actual payment will vary based on your situation and the current interest rates when you apply
  • Pay your mortgage at any time without pre-payment penalties