15-Year Mortgage Wyomissing, PA

With a 15-year fixed-rate mortgage, you could pay off your Wyomissing, PA home in just half the time it would take with the traditional 30-year fixed-rate mortgage. Bellco Federal Credit Union can help you find a home loan that will fit your budget.

Bellco FCU, a member-owned, not-for-profit federal credit union, opened its doors in 1938 and continues to provide unique financial products and services to individuals and small businesses in Berks County.

Like banks, credit unions accept deposits, make loans, and provide a wide variety of other financial services. But as member-owned and cooperative institutions, we provide a safe place to save and borrow at reasonable rates with exceptional customer service.

Advantages of a 15-Year Fixed-Rate Mortgage

If you have a household budget that can afford a larger monthly payment, a 15-year mortgage enables you to pay your loan in full sooner than a 30-year mortgage. Other advantages include:

  • Lower interest rates – 15-year mortgages often offer interest rates that are anywhere from one-quarter of one point to one whole point less than their 30-year mortgage counterparts.

  • Build equity faster – The shorter the term of your mortgage, the faster you will build equity in your home because the principal balance decreases more rapidly than longer-term loans.

  • Lower cost – Financing your home for a shorter period of time means you’ll pay less interest over the life of the loan, potentially saving thousands of dollars a year.

  • Get out of debt sooner –  Paying off your home quickly gives you more financial freedom. You’ll free up cash to save for retirement, pay bills, or take a vacation.

Whether or not a 15-year mortgage is best for you is something you should discuss with the loan experts at Bellco FCU. Once you consider all of the factors, you may find that you qualify for a VA or FHA 15-year mortgage with better rates and terms.

How to Join Bellco FCU

When you join a credit union like Bellco FCU, you become a partial owner and have a say in any decisions we make. Open a Member Savings account with as little as $5, and establish your membership in just a few steps. This is not a fee; it is a share in the credit union and provides you with voting rights. 

Once you become a member of Bellco FCU, your spouse, children, siblings, and parents will be eligible to join too and take advantage of competitive rates for mortgages, personal loans, credit cards, and the many other services we offer. 

Even if you leave your current employer, retire, or move away, you can remain a Bellco FCU member for life. You will be able to access your accounts from anywhere by mail, phone, fax, online, and at thousands of ATMs across the nation.

A 15-year mortgage may be an excellent financing option for your Wyomissing, PA home. Get in touch with Bellco FCU to learn more. We are continually focused on meeting the needs of our members and the communities we serve with the lowest possible loan rates.