Interest Savings

Fifteen-Year Mortgage
A fixed-rate, level-payment mortgage loan with a maturity of fifteen years. This mortgage option became popular in the 1980s because it significantly reduces the amount of interest paid over the life of the loan, despite having higher monthly payments compared to a thirty-year mortgage.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.