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15-Year Fixed Rate Mortgage

What is a 15-Year Fixed Rate Mortgage?

A 15-Year Fixed Rate Mortgage is a home loan with a consistent interest rate and monthly payments for the entire 15-year term. This option allows homeowners to pay off their loan faster and build equity more quickly compared to longer-term loans. Because of the shorter repayment period, borrowers typically enjoy lower interest rates and significant interest savings over the life of the loan.

Who is This Loan Best For?

The 15-year fixed mortgage is ideal for:

 

  • Homeowners with Stable Incomes: Those who can comfortably handle higher monthly payments in exchange for faster payoff.

  • Equity Builders: Buyers aiming to build home equity quickly for future financial flexibility.

  • Interest Savers: Borrowers looking to save money on interest over time.

Features of 15-Year Fixed Rate Mortgages

Faster Loan Payoff

Homeowners can own their home outright in half the time compared to a 30-year loan.

Lower Interest Rates

Shorter terms usually come with lower rates, leading to less interest paid overall.

Predictable Payments

Fixed monthly payments provide financial stability and peace of mind.

Build Equity Faster

Rapid principal payments help build equity more quickly — a big benefit for long-term financial health.

Possibility starts here

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Client testimonials

What They Say About Us

Sarah M.
"Working with NEXA Mortgage was a game-changer. As a first-time homebuyer, I was nervous about the process, but they were so patient, explaining every detail and helping me find a loan that fit my budget. They truly made me feel like family. I’d recommend them to anyone!"
Kevin L.
"I was looking to refinance, but I’d been putting it off because of all the paperwork. NEXA Mortgage took care of everything and got me an incredible rate! The whole experience was straightforward, quick, and stress-free. I’m saving over $200 a month on my mortgage now!"
Luis G.
"I’d heard horror stories about mortgage brokers, but NEXA Mortgage changed my mind. They found me a great deal on my mortgage, and the whole team was responsive, friendly, and genuinely invested in helping me close on my dream home. I’m beyond grateful!"
Amy T.
"NEXA Mortgage turned what I thought would be a long, confusing process into a breeze. They answered all my questions, gave me solid advice, and were with me every step of the way. Thanks to them, I’m officially a homeowner! Can’t thank them enough."
Marcus J.
"As a veteran, finding a loan that respected my service was important to me. NEXA Mortgage guided me through every VA loan benefit, securing terms that worked for me and my family. This team knows their stuff and respects their clients – highly recommend!"
Jasmine H.
"I had some credit challenges, but NEXA Mortgage didn’t treat me any differently. They found options that other lenders didn’t and walked me through ways to improve my credit. Thanks to them, I’m a homeowner – something I didn’t think was possible!"