15-Year Fixed Rate Loan

Our 15-year fixed rate loan are low and our process is quick and painless.

This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate and you’ll own your home twice as fast.

The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years.

This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.

You'll qualify if...

As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable-rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

your income and credit meet the standard guidelines.

consistent

you meet the lender’s credit and income requirements.

prepared

you have steady income, manageable debt, and solid credit

Reliable

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Equip Capital Group is an Equal Housing Lender doing business as Equip Mortgage. Broker NMLS #1937259 │DRE Broker #02116634.
All loan programs, terms, and rates are subject to change without notice. Additional terms and conditions may apply. Equip Mortgage is not an agency of, nor is it affiliated with the federal government or any other entity referenced herein, CA Department of Real Estate License #02058505 | NMLS #1411475