f23fe56e_Mortgage_Types___Union__Description
[Type] 15 Year Fixed Rate Mortgage [Benefits] The 15 year fixed rate loan saves a huge amount of interest relative to a 30 year mortgage. The higher monthly payments are too much for some borrowers but equity is accumulated much faster on this program. [Description] 
The interest rate on this program is fixed and the loan completely amortizes in 15 years. This does result in higher monthly payments versus a 30 year mortgage even though the interest rate is lower.
Mortgage Types | Union
Description