Content A Complete Guide To 15-Year Mortgages Take Advantage Of Mortgage Kinks For A 15-Year How Much Can You Afford to Borrow? Check out today’s mortgage rates. Bankrate logo How our rates are calculated var map_labels = $(‘.js-map-year-select2 option’); Does a 15-year mortgage have a lower interest rate? Building equity Cons of a 15-Year Fixed-Rate […]
During that time, the monthly payments will be low (since they’re only interest), but the borrower also won’t build any equity in their home (unless the home appreciates in value). ARM intro rates are typically much lower than fixed interest rates. With today’s rates on the rise from their historic lows, ARMs are becoming more […]