15-Year vs. 30-Year Mortgage: Making the Choice
No one has a crystal ball to see 15 years ahead, much less 30, but if your income is strong and stable, a larger monthly payment will get you to the finish line sooner.
Updated July 2022Owning your home outright after just 15 years. What an appealing idea! Some of us have shirts older than 15 years. The trade-off is, of course, higher monthly payments. A home buyer considering a 15-year mortgage should make a careful assessment of income and finances.No one has a crystal ball to see 15 years ahead, much less 30, b...
