Fixed Rate Mortgage
The 15-year and 30-year mortgages are the two most common fixed-rate mortgages. Both options are excellent if you are looking for a fixed interest rate. But, depending on your goals and financial situation, one mortgage option may be better than the other. A 15-year mortgage is excellent for those wanting to pay more toward the principle and less toward interest or those wishing to pay off the mortgage faster. A 30-year mortgage is likely the best option if you want a lower monthly payment.
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This is not an offer to enter into any agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations may apply. DNVR Lending, LLC is an independent mortgage broker and is not affiliated with the Department of Housing and Urban Development or the Federal Housing Administration. Not intended for legal or financial advice.
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