mortgage

What is 15-year fixed?

 

 

What is 15-year fixed?

The Bankrate.com financial term of the day is: "15-year fixed."

A 15-year fixed is a mortgage that you carry for a relatively short, 15-year term, and you don't have to worry about the interest rate going anywhere during that time.  It will stay the same during the lifetime of the loan.

A 15-year fixed is a mortgage that's short on years and short on surprises.

To shop for the perfect home loan, visit the Mortgage section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Tara Baukus Mello

Musk defends Tesla Autopilot, shares plan to build trucks

Tesla's CEO outlines plan to build more car models, be a player in public transportation and continue developing its Autopilot technology to a future of fully autonomous cars.  ... Read more


Connect with us