While some credit companies offer longer terms, some traditional banks have shorter loan periods. (sapling.com)
A 15 - year fixed - rate mortgage maintains the same interest rate and monthly payment over the 15 - year loan period. (nerdwallet.com)
So while longer loan periods can equate to more affordable monthly payments, always be sure to look at the total cost of the loan to determine if it's a deal worth making. (supermoney.com)