The only disadvantage is that, with a 15-year loan, you are committed to a higher monthly payment plan. Many borrowers go for a 30-year fixed-rate loan and willingly payments what will settle their loan in 15years. This payment method is better than committing to a higher monthly payment, since the options in interest rates isn’t that favorable.
Regardless, Axiom Home Loan is here to make your home loan process very easy with technical advancement and proficiency that will guide you throughout your loan process. Starting with our FREE 15-Year Fixed Rate Mortgage application.