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Detroit-based Quicken Loans Inc. is the nation's second largest retail home mortgage lender. The company has closed nearly $300 billion of mortgage volume across all 50 states between 2013 and the end of 2016.

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Quicken Loans Is Helping Americans Pay Off Their Homes At A Furious Pace
Clocks Ticking For Homeowners Who Want To Lock In A Low Rate That Will Never Rise
Quicken Loans Urges Homeowners To Switch To A 15-Year Fixed
If you owe less than $625,500 on your home you really need to consider switching to a 15-year fixed. Here at Quicken Loans, many of our team members have made the switch to 15-year mortgages because we're obsessed with getting the right mortgage and we know all the advantages 15-year mortgages provide. Team members have found out that 15-year mortgages can help homeowners save up to $95,000* over the life of their loan. They also help homeowners lock in historically low rates that will never rise. At Quicken Loans, we're all about helping homeowners find a mortgage they can be confident in, and what better mortgage to offer than the one our team members are taking advantage of.
Get A Quicken Loans Mortgage Review Today And See How Much You Can Save With A 15-Year Fixed >>
15-Year Mortgages Help Homeowners Pay Off Their Homes In As Little As Half The Time And Save Up To $95,000 In Interest Payments
The reason for this is pretty simple. To pay off your house, you have to pay off the principal. In a 30-year mortgage your first 10 years of payments go mostly towards paying interest on the loan - meaning for 10 years you aren't making a lot of headway towards paying down the principal. In a 15-year mortgage you attack the principal you owe on your home and depending on what your current 30-year mortgage rate is you could actually do so for about the same monthly payment. Think about that, homeowners who switch to 15-year mortgages 1) chop up to 15 years off their mortgages, 2) save up to $95,000* in interest payments, and 3) may be able to do so while keeping their monthly mortgage payments pretty much the same.
How To Switch To A 15-Year Fixed
Quicken Loans has streamlined the refinance process and our team of mortgage experts can tell you how much you can save by switching to a 15-year fixed. It only takes about five minutes to use the easy online form to get connected to mortgage experts, and our radically simple mortgage experience can help you see very quickly if you're in the right mortgage or not. It can't hurt to look. Rates for 15-year fixed mortgages could be on the rise soon so now is the time to check your eligibility.

We're not entirely sure. We think it's probably because homeowners don't realize the crazy amount they pay in interest payments to have a 30-year mortgage. If homeowners knew they'd have to pay up to an extra $95,000* in interest payments to have a 30-year mortgage instead of a 15-year, we're guessing most homeowners would make the switch. What we do know for sure is that Quicken Loans delivers a simpler mortgage experience, and that we can quickly help homeowners calculate how much they could save by switching to a 15-year fixed.
Let Quicken Loans Show You A Simpler Way To Refi >>
*According to your selection, you are age years of age and seeking a home refinance.
According to your selection, you are from [STATE]
You have entered [ZIP] as your ZIP Code
According to your selection, your home value is and you are seeking a home refinance.
According to your selection, your home value range is and you are seeking a home refinance.
According to your selection, your mortgage balance is and you are seeking a home refinance.
According to your selection, your mortgage balance range is and you are seeking a home refinance.
NMLS #3030. Go here for the Quicken Loans NMLS access page.
*$95,000 in savings: https://www.quickenloans.com/blog/15year-fixed-mortgage