What Is Cash Flow After Financing?

A 15 year mortgage might be a great choice for you, depending on your os. The time it takes to pay a 15 year mortgage off is significantly shorter but it comes with a higher monthly payment. For some buyers, a short loan life could hold advantages beyond simply paying the mortgage off faster. Because 15 year mortgages are less risky, banks set lower interest rates for their short loan life compared to 30 year mortgages. Leveraging might be your friend whether you are a first time home buyer or a long term investor.