How Old Will You Be In 15 years? How Old Will You Be in 30 Years?

Mortgage and Lending with VanDyk Mortgage Corporation NMLS# 95835,Corp 3035

Would Paying Your Mortgage Off 15 Years Earlier

Improve Your Retirement?

With mortgage rates near historic lows, now is a great time for many people to consider trading in their current 30 year mortgage, and the 20+ remaining years and save over a hundred thousand dollars in interest with a 15 year loan.

Bill McDonald Government Loan Specialist


When you analyze the numbers, the savings can be staggering, you may have to go back and do the math a couple of times before can believe how much you can really save.

There are many benefits of a 15 year loan over a 30 year loan.  The 15 year mortgage does not have a credit score adjustment as does its 30 year counterpart.  With the 30 year loan, those borrowers that have credit scores below 740 will pay a higher interest rate than those that are above 740.  The lower the score is below the 740 mark the higher the interest cost for the loan will be.  This is not the case with the 15 year loan.


15 year mortgages that have a loan to value ratio over 80% and require mortgage insurance will have a lower mortgage insurance premium than the same loan on a 30 year term.

Statistics show that borrowers that finance their homes on a 15 year loan have a lower chance of foreclosure than those on a 30 year.  The decreased risk of a 15 year loan justifies both mortgage lenders and mortgage insurance companies offering a cheaper product for the 15 year option.


Besides the interest saved by refinancing to a 15 year mortgage, you will have your home paid off 15 years sooner.  Imagine 15 years of no mortgage payments.  What you do with that freedom is up to you.  You can retire early; you can invest the amount you were paying in mortgage payments.  Regardless of what you choose, having the freedom to choose will be wonderful feeling.


The graphic below  or VIDEO HERE shows how I was able to save one client over $170,000 in interest payments and get his home paid off 15 years sooner.  This will make great difference to him in a few years.

Even if he only stays in the home 5-10 years, he will have much more equity than his 30 year loan would have allowed.  Give me a call  866.435.6553 and I will be happy to help you analyze the numbers and see how much you can save


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Specializing in Government Home Loans.  FHA, VA and  USDA Rural Development


Alabama: License # 52935

Birmingham, Montgomery, Mobile, Huntsville, Tuscaloosa, Hoover, Dothan, Decatur, Auburn, Gadseden, Florence, Bessemer, Madison, Prichard, Phenix City, Homewood, Vestavia Hills

Georgia: License # 36362

Albany, Atlanta, Augusta, Alpharetta, Athens, Canton,  Columbus, Dalton, Dunwoody, Johns Creek, Macon, Marietta, Roswell, Sandy Springs, Savannah, Smyrna, Valdosta, Warner Robbins

Kentucky: License # MC305583

Louisville, Lexington, Bowling Green, Owensboro, Covington, Hopkinsville, Richmond, Florence, Elizabethtown, Frankfort, Paducah, Independence, Danville

Louisiana: License # 35486

Alexandria, Baton Rouge, Bossier City, Central, Denham Springs, Hammond, Houma, Kenner, Lafayette, Lake Charles, Livingston,  Marrero, Metaire, Monroe, New Iberia, New Roads New Orleans, Prairieville, Shreveport, Slidell, Walker

Tennessee:  License # 108470

Bartlett, Bristol, Chattanooga, Clarksville, Cleveland, Collierville, Columbia, Cookeville, Crossville, Fairfield Glade, Franklin, Germantown, Goodlesttsville, Hendersonville, Jackson, Jamestown, Johnson City, Karns, Kingsport, Knoxville, Memphis, Morristown, Murfreesboro, Nashville, Oakridge, Smyrna, Spring City


Abilene, Amarillo, Arlington, Austin, Beaumont, Brownsville, Carrollton, Cypress, Dallas, Denton,  El Paso,  Ft. Worth, Frisco, Garland,  Grand Prairie, Houston, Irving, Killeen,  Lubbock, McAllen, McKinney, Mesquite, Midland, Pasadena, Plano, San Antonio, Tyler, Waco, Wichita Falls


We offer VA Loans,  FHA Loans, USDA Loans, and more across Alabama, Louisiana, Texas and Tennessee


Bill McDonald NMLS # 95835

VanDyk Mortgage NMLS # 3035


Bill McDonald-VanDyk Mortgage

705 Gate Ln Suite 202 104

Knoxville, TN 37909

(865) 686-8711

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Bill McDonald

VA, USDA, FHA Government Loans - (865) 686-8711
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