Advantages and Disadvantages of a 15 Year Loan

Advantages:

• Borrowers build equity much more quickly due to shorter amortization schedules.
• Overall interest paid is dramatically lower than those on longer-term loans.
• Interest rates are lower than 30-year loans.

Disadvantages:

• Monthly payments can be significantly higher than those on 30-year loans.
• Restricts homebuyers to smaller houses than they might be able to afford with longer-term loans.

For complete mortgage loan program details and to find out if you qualify, contact us today at 888-488-3807 or go to www.OneTrustHomeLoans.com.