Fifteen-Year Mortgage

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Fifteen-Year Mortgage

A mortgage with a maturity of 15 years. A 15-year mortgage usually has a higher payment than a 30-year mortgage because one pays a higher portion of the principal each month.
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28, 2014 /PRNewswire/ -- California drought caused by politics, heroin addiction, Crowdfund Television, cannabis banking, VoIP, 15 year mortgage, wood pellets from hemp; this week on MoneyTV with Donald Baillargeon.
The refinancing consists of a $7,000,000 asset-based revolving line of credit, a $9,000,000 four-year fully amortizing term loan and a $3,500,000 15 year mortgage loan.
On a 15 year mortgage for the same loan amount, the payment jumped from $910.
The low credit enhancement reflects the credit quality of the 15 year mortgage loans, the small percentage of limited documentation loans (.
Terms include a cash payment, 15 year mortgage on fixed assets, inventory financing and the issuance of VIC's preferred stock.
Your bank is a good place to start if you are a first time buyer -- know your options regarding 30 and 15 year mortgages, adjustable mortgages, FHA and VA loan programs.