Find out all about your favorite commercial!

TV spots

TV commercials CashCall 15-Year Fixed

Cash Call TV Spot, 'Mortgage Rates'
Cash Call TV Spot, 'New Year's Resolution'
Advertisers

Advertisers of commercials featuring CashCall 15-Year Fixed

CashCall 15-Year Fixed tv commercials
CashCall

CashCall is a company that has been involved in various legal actions, particularly in the realm of online loan servicing and debt collection. It was founded in California and has gained attention for...

What is CashCall 15-Year Fixed?

CashCall 15-Year Fixed tv commercials

CashCall 15-Year Fixed

CashCall Mortgage offers a range of home loan and refinancing options , one of which is a 15-year fixed-rate mortgage. A fixed-rate mortgage ensures that your interest rate remains the same for the entire term of the loan, protecting you from market fluctuations and making it easier to budget for your monthly payments. With a 15-year term, this loan can help you pay off your mortgage faster and save on interest costs over the life of the loan compared to a 30-year mortgage.

According to CashCall's website, the interest rate on a 15-year fixed mortgage as of February 2023 was 2.375%. This rate is subject to change and may vary based on a borrower's credit score, loan amount, and other factors.

It's worth noting that while a 15-year mortgage can help save on interest costs and build equity faster, the monthly payments are typically higher than with a longer term mortgage. Borrowers should carefully consider their financial situation and budget before deciding on a loan term.

Frequently Asked Questions about cashcall 15-year fixed

With a 15-year fixed loan, you make monthly payments for 15 years. By the end of the 15-year term, you'll have repaid the loan in full. The long-term upside of a 15-year fixed-rate mortgage is that it costs you less than other mortgage options over the life of the loan.

J. Paul Reddam CashCall, Inc. is based in Orange County, California. It was founded in 2003 by J. Paul Reddam the current CEO. He is Canadian and a former professor of Philosophy at the University of Southern California.

Current mortgage and refinance rates

ProductInterest rateAPR
15-year fixed-rate6.656%6.841%
10-year fixed-rate6.625%6.898%
7-year ARM7.669%8.102%
5-year ARM7.583%8.149%

Key takeaways. A 15-year mortgage means you'll pay less in interest due to a lower rate and shorter term, and pay off your mortgage sooner. The monthly payments on a 15-year mortgage will be higher due to the shorter repayment schedule.

If you can afford the larger monthly payment that comes with a 15-year fixed mortgage, it can help you pay off your home, freeing up funds for retirement. You will spend less in interest over the life of the loan compared to a 30-year mortgage, and usually, a 15-year fixed mortgage means a better interest rate.

Key Takeaways. Most homebuyers choose a 30-year fixed-rate mortgage, but a 15-year mortgage can be a good choice for some. A 30-year mortgage can make your monthly payments more affordable. While monthly payments on a 15-year mortgage are higher, the cost of the loan is less in the long run.

John Paul Reddam John Paul Reddam serves as the CEO / President of CashCall.

CashCall stopped making loans, but its founder, targeted by regulators, is still in the business - Los Angeles Times.

A 15% APR is good for credit cards and personal loans, as it's cheaper than average. On the other hand, a 15% APR is not good for mortgages, student loans, or auto loans, as it's far higher than what most borrowers should expect to pay. A 15% APR is good for a credit card. The average APR on a credit card is 22.75%.

If you can afford the larger monthly payment that comes with a 15-year fixed mortgage, it can help you pay off your home, freeing up funds for retirement. You will spend less in interest over the life of the loan compared to a 30-year mortgage, and usually, a 15-year fixed mortgage means a better interest rate.

When it comes to paying off your mortgage faster, try a combination of the following tactics:

  1. Make biweekly payments.
  2. Budget for an extra payment each year.
  3. Send extra money for the principal each month.
  4. Recast your mortgage.
  5. Refinance your mortgage.
  6. Select a flexible-term mortgage.
  7. Consider an adjustable-rate mortgage.

The 15-year mortgage has some advantages when compared to the 30-year, such as less overall interest paid, a lower interest rate, lower fees, and forced savings.

If the interest rate in both mortgages is the same, then yes, you will end up paying the same amount in interest if both are paid off in 15 years. However, in practice, almost always a 15-year mortgage will have a much lower interest rate that a 30-year mortgage.

(Mortgage Network), have been acquired by Movement Mortgage, LLC. (Movement). The transaction closed on November 30, 2022. Mortgage Network was founded in 1988 in Danvers, Massachusetts, by Robert McInnes, current Chairman and CEO, and Albert Pare.

The company is now largely defunct after being buried in legal and regulatory actions. But its founder might just get away with the shady patterns that made CashCall such a profitable enterprise.

Purpose. Cash calls are requests for payment for anticipated future capital and operating expenditures, sent by joint venture operators to non-operating partners. Most joint operating agreements (JOAs) include a provision that allows the operator to issue cash calls to non-operating partners.

Goods

Other goods

Open Road Films The Host logo
The National Hockey League (NHL) App logo
CashCall 10-Year Fixed Rifi logo
Fidelity Investments Active Trader Pro logo
JPMorgan Chase (Credit Card) United MileagePlus Explorer Card logo
Personal Capital App logo
Rocket Mortgage YOURgage Loan logo
Quicken Loans 30-Year Fixed-Rate Mortgage logo
Guaranteed Rate App logo
Charles Schwab Mobile App logo
Downy Fresh Protect logo
Bounce Pet Hair & Lint Guard Unscented logo