Own your home faster and save thousands in interest with a 15-year fixed-rate mortgage. At Convoy Home Loans, we help homeowners in San Diego, El Segundo, and across California secure competitive rates and build wealth faster through smarter financing choices. Our experienced team is dedicated to making the homeownership journey smooth and rewarding for every client we serve.
A 15-year fixed-rate mortgage is a fully amortizing home loan paid off over 15 years (180 months) with a constant interest rate and unchanging monthly principal-and-interest payments for the entire term.
Because the loan is repaid twice as fast as a traditional 30-year mortgage, lenders typically offer a lower interest rate - often 0.25% to 0.75% lower depending on market conditions. This combination of lower rate and shorter term can result in substantial interest savings over the life of the loan.
"This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate and you'll own your home twice as fast."
Pay off the loan faster and dramatically reduce total interest paid.
Most borrowers qualify for a better rate than on 30-year loans.
Build home equity much quicker, strengthening your financial position.
Fixed rate and payment for the full 15 years - no surprises.
Be mortgage-free while still in your prime earning years or before retirement.
Higher equity gives you more options in the future.
At Real Estate Investor Lending, we shop multiple wholesale lenders to find you the best available 15-year fixed rate for your credit profile and financial goals.
Payments are typically 30-50% higher than a 30-year loan for the same loan amount.
Higher payment leaves less room in your monthly budget for other goals.
Lenders look for stronger debt-to-income ratios due to the larger payment.
Money used for higher payments cannot be invested elsewhere.
For buyers planning shorter stays, we often recommend exploring our adjustable-rate mortgage options instead.
This loan suits:
✓ Buyers with strong income who can comfortably afford higher payments
✓ First-time buyers wanting affordability
✓ Disciplined borrowers who want to be mortgage-free faster
✓ Those planning to stay in their San Diego or Southern California home long-term
✓ Retirees or near-retirees wanting to eliminate housing debt quickly
✓ High earners seeking maximum tax-efficient wealth building
We analyze your finances and show you exactly what you qualify for.
We secure the lowest available 15-year fixed rate for your scenario.
Your rate and payment are locked for the entire 15-year term.
Enjoy the same predictable payment while watching your equity grow rapidly.
Extra payments are allowed on most loans with no prepayment penalties.
Loan Type | Term | Interest Rate | Monthly Payment | Total Interest | Best For |
|---|---|---|---|---|---|
15-Year Fixed | 15 yrs | Lowest | Highest | Lowest | Faster payoff & savings |
30-Year Fixed | 30 yrs | Higher | Lowest | Highest | Maximum affordability |
10-Year Fixed | 10 yrs | Lowest | Very High | Lowest | Aggressive payoff |
5/6 ARM | 30 yrs | Variable | Starts lower | Varies | Short-term ownership |
As a nationally licensed mortgage broker (NMLS #2130517) with offices in San Diego and El Segundo, we give you access to a wide range of competitive 15-year fixed programs that big banks often can't match. Our mission is to provide financing solutions that genuinely enhance your standard of living while treating you like family.
Clients consistently praise our fast closings, transparent communication, and ability to beat big-bank offers on both rate and service.
Ready to explore your 15-year fixed mortgage options? Get pre-approved today and see how much you can save.
Yes - most loans have no prepayment penalties, allowing you to pay extra toward principal whenever you want.
Typically 30-50% higher than a 30-year loan, depending on rate and loan amount. We'll run exact numbers for you.
Generally 620 or higher, with best rates available to 740+ credit scores.
Yes - options as low as 3-5% down are available on conventional 15-year fixed loans.
Yes - we are licensed in many states including California, Arizona, Texas, Florida, Washington, and more.
Real Estate Investor Lending · NMLS #2130517 · Licensed Mortgage Broker
AZ · CA · CO · FL · GA · ID · MD · MI · MN · NC · NM · OH · OR · PA · TN · TX · VA · WA and more
This is not a commitment to lend. All loans subject to credit approval. Equal Housing Lender.
A 30-year fixed-rate mortgage is the most popular home loan in America. It features a constant interest rate and unchanging monthly principal-and-interest payments over the full 30-year (360-month) term.
Your rate is set at closing and never changes - even if market rates rise or fall. This predictability makes budgeting straightforward for decades.
At Convoy Home Loans, we shop multiple lenders to find you the best fixed rate available for your situation.
For buyers planning shorter stays, we often recommend exploring our adjustable-rate mortgage options instead.
This loan suits:
We guide you through every step with transparent communication.
| Loan Type | Monthly Payment | Interest Rate Stability | Best For | Total Interest |
|---|---|---|---|---|
| 30-Year Fixed | Lower | Fixed entire term | Long-term homeowners | Higher |
| 15-Year Fixed | Higher | Fixed entire term | Faster payoff | Lower |
| Adjustable-Rate (ARM) | Varies | Changes after intro | Short-term stays | Varies |
As a nationally licensed mortgage broker (NMLS #2130517), we offer access to a wide range of programs with competitive rates. Our mission is simple: provide financing options that enhance your standard of living while treating you like family.
Clients love our fast closings, personalized advice, and ability to beat big-bank offers.
Ready to get started? Speak with a loan officer today - no obligation.
Convoy Home Loans · NMLS #2130517 · Licensed Mortgage Broker
AZ · CA · CO · FL · GA · ID · MD · MI · MN · NC · NM · OH · OR · PA · TN · TX · VA · WA and more
This is not a commitment to lend. All loans subject to credit approval. Equal Housing Lender.