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Glossary Home | Search Glossary | Submit New Term 15-year mortgageMortgage loan where for a slight increase in the monthly payment, the loan can be paid off in only 15 years, The overall savings in interest paid to the lender over the life of the 15-year mortgage can be quite substantial, yet the monthly payment is not significantly higher. Find a Real Estate Agent to help you to buy or sell a home |
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