1807: 5 Reasons to Choose a 15-Year Mortgage by Andy Hill of Marriage Kids and Money on Home Financing Decisions
Optimal Finance Daily - Financial Independence and Money Advice
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Five Reasons Why You Should Go With a 15 Year Mortgage
If you put less than a 20 % down payment on your home, you could have to pay an additional one % of the mortgage loan value each month to protect your lender. The 15 year mortgage did require us to have a much larger monthly payment, but we would be saving almost a hundred thousand dollars over the life of the loan. And number five, short term payin for long term gain. When we don't have a mortgage at the end of next year, i know that i will personally feel a gigantic weight off my shoulders.
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