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Mortgage Tips: What Is A 15 Year Fixed Rate Mortgage, Advantages And Disadvantages

A 15 year fixed rate mortgage comes with its own set of advantages which is why there are also lots of borrowers who opt for this mortgage term. For starters, a 15 year fixed rate mortgage allows its home buyers to save thousands of dollars in interest, compared to a 30 year fixed rate mortgage. Not only that, homeowners are also able to finish the payment of their loan faster which means that they also build their home equity faster.

Florida Real Estate: Orlando Housing Market Sees 15% Increase in Annual Sales

The Orlando housing market finished 2015 with a healthy 15.46 percent increase in annual sales compared to the numbers of 2014. A total of 35,064 homes were sold by the end of last year, compared to the previous year's 30,369.

Home Buying Tips: What Are Discount Points, And How Does It Benefit The Home Buyers

In getting a mortgage to buy a home, it's important to grab every chance you have to get a lower debt. Aside from doing extensive research in finding the best loan option, another thing you could take a look at are "mortgage discount points".