About 15-Year Fixed-Rate Loans
A 15-year fixed-rate mortgage is fully amortized over 15 years with consistent monthly payments, combining stability with accelerated equity building. Compared to the traditional 30-year loan, this option typically offers lower interest rates and enables you to own your home outright twice as fast.
The trade-off is a higher monthly payment commitment. Many borrowers choose a 30-year fixed loan but make additional payments to achieve the benefits of a 15-year payoff timeline without the stricter payment requirement.
At CNA Equity Group, we simplify your home loan experience with expert guidance and helpful tools, beginning with our 15-Year Fixed Rate Mortgage Qualifier.
Whether you’re a first-time buyer or purchasing your next home, we’ll help you understand the differences between loan programs so you can select the right financing option for your goals.
Do I Qualify?
When interest rates are low, fixed-rate loans often present excellent value—typically costing only slightly more than adjustable-rate mortgages, while providing the advantage of locking in your interest rate for the entire loan term. This long-term stability can make fixedrate loans a smarter choice for many borrowers.
Qualification depends on factors such as your credit score, debt-to-income ratio, employment history, and overall financial profile. Our team is here to evaluate your unique situation and help you find the best loan options that align with your goals and budget.