The 15-Year Fixed Conforming: A Great Mortgage for Those Planning Retirement
Are you thinking about buying a home? If you're in your 40s or older, you may want to consider a 15-Year Fixed Conforming Mortgage. These loans can enable you to pay off your mortgage before retirement.
Why pay your loan off before retirement? Simple. Without the additional expense of a mortgage, you can live on a fixed income and focus on what you truley enjoy.
While a 15-Year Fixed Conforming Mortgage may require a larger down payment or higher monthly payments than some other kinds of loans, it can be a smart choice to provide greater security. This type of mortgage could help you pay off your mortgage before you retire.
Like all fixed mortgages, the 15-Year Fixed Conforming offers stable monthly payments.
This mortgage can be eligible for the PenFed Real Estate Rewards Program. When you use a network real estate agents and our preferred title providers to buy your next home using certain types of mortgages, you could save up to $10,000 in closing costs or thousands of dollars on origination fees.