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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How to Pay Off Your Home in 15 Years
I think andy made a lot of great points about why he chose a 15 year mortgage over a 30 year mortgage. I can still pay it off in 15 years if i wanted to by doubling up my payments. But keeping my payment low is highly beneficial in terms of a job loss or drop an income. Paying off my house right now would mean that 30 % of my net worth would be stored in this tangible asset. And so there may come a day when i put more money into my house as my net worth grows. That's master works dot i o slash o f d.
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