If you are considering a 15-year mortgage or don’t know if it’s right for you, let us help. There is a huge benefit to choosing a 15-year mortgage versus a 30-year. This benefit is definitely something to consider, Paul explains what you need to know.
Paul Apostolakis 0:00
What is up everyone, Paul Apostolakis here with your Omega 60. Today I’m talking about the 15-year mortgage, a lot of you are, you know, might or have done a 30-year mortgage, maybe a 20 or 25-year mortgage. In today’s market, the interest rate on a 15-year mortgage is so low, it’s in the very low twos, that you can take advantage of something like that. If you can afford the payment, the amount of interest that you save by going to a 15-year mortgage is paramount. You save a lot of money on interest because you’re putting so much more towards the principal of the loan. So make sure you talk to your loan officer, potentially go to a 15 year if you can afford it. I think it’s a great product. Thank you have a good day.