Best 15-Year Fixed Mortgage Rates in Southfield, MI

Whether you’re on a tight budget or have plenty of money to spare, there is no reason why you should pay more for your home than required. Locating the best mortgage rates in Southfield and locking in a low interest rate is the key to keeping the cost of your next home purchase down.

Even so, with so many mortgage types and terms to choose from, how do you know where to start? How about with one of the more common choices in the area? For instance, many homeowners opt for a Southfield 15-year fixed mortgage for the multiple benefits this type of home loan has to offer.

Advantages of a Southfield 15-Year Fixed Mortgage

If you’re not sure whether a 15-year fixed rate mortgage is right for you, consider some of the benefits they offer mortgage holders:

• Interest rate: Fixed rate mortgages tend to offer some of the lowest interest rates, and the average 15-year fixed rate recently hit the lowest point in history.
• Stability: A home loan with a fixed rate remains stable throughout the term. Since the interest rate never changes, there aren’t any surprises when the mortgage payment is due.
• Pay off faster: Since a 15-year term in shorter than some other fixed rate options, you’ll pay off your loan faster.

Best Mortgage Rates in Southfield: 15-Year Fixed

We’ve compiled a list of the lenders in and around Southfield who are currently offering the best Southfield mortgage rates for a 15-year fixed loan:

• Michigan Schools & Government Credit Union: 4.13%
• • No Orig. Fees
  • Points: 0.25


• DFCU Financial Credit Union: 3.75%
• • No Orig. Fees
  • Points: 0.25


• DFCU Financial Credit Union: 3.75%
• • No Orig. Fees
  • Points: 0.25


• Michigan Educational Credit Union: 3.63%
• • No Orig. Fees
  • Points: 0


• Michigan Educational Credit Union: 3.63%
• • No Orig. Fees
  • Points: 0

Please note that Southfield mortgage rates are accurate as of October 1, 2011, but may change at any time in the future. Please contact individual lenders to verify rates and find out about additional details and requirements.