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...
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.