15-Year / 30-Year Mortgage (Fixed-Rate)
Almost all the mortgage lending in Sacramento is for fixed-rate mortgages with terms of between 10 and 30 years. Many borrowers find that a 30-year fixed-term mortgage suits them perfectly, and this is the mortgage of choice for most California homeowners.
Shorter-term fixed-rate mortgages, usually of 15 years, can save you money on interest payments as you’re paying the loan over less time. However, they do increase your monthly mortgage repayments and the shorter the loan duration is, the larger they will become.
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