20 Year Mortgage

20 Year Mortgage & Home Loan Rate Information

A middling loan length, 20 Year loans are a great alternative to 15-year loans, 25-year loans and 30-year loans. Infrequently chosen because of their lack of visibility, Colorado's mortgage market, 20 Year mortgage term loan lengths offer many of the same benefits as 15-year loans with more manageable payment sizes. Learn more about the 20 Year mortgage rate term loans below.

What are the benefits of having a 20 Year Loan?

The biggest benefit to having a 20 Year home loan over a 30 Year loan is the lower interest rate paid each month and the lower interest rate required in total by the end of the loan. When compared to the more traditional 30 Year loan, a 20 Year loan saves tens of thousands of dollars on interest since it is paid off ten years sooner.

The disadvantage to getting a 20 Year home mortgage is a little harder to spot. If your family has the capital available to make higher payments, then you may get a higher return on your investment if you put this cash into a diversified investment portfolio.

While not requiring as much regular income as a 15 Year loan, the 20 Year loan offers a great deal of the same benefits. Paying off you loan sooner rather than later is always beneficial to the borrower, saving you from wasting money on years' worth of interest payments. When you finance a 20 Year mortgage on your home with US Mortgages, you can be sure that you're getting the best possible rates, saving you thousands on your mortgage. That's what makes us Colorado's number one name in lending.

How can you get started pursuing your 20 Year loan?

Are you ready to take the next step towards refinancing with a 20 Year home loan rate or securing a 20 Year mortgage term loan? Let us know how to get in touch with you and we'll be able to overview the specifics on the phone. Feel free to also give us a call at our office to begin the conversation about improving your family's financial future. You also can use our Loan Calculator to find out if a 20 Year mortgage is right for you!