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.

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