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Most people like fixed-rate mortgages because they know how much the monthly payment will be since it does not fluctuate with the mortgage market. However, the question then becomes a matter of securing a 15-year mortgage or a 30-year mortgage.

While there is no cut-and-dry answer, here is an article that will help you decide:

15 year fixed-rate mortgage vs. 30 year fixed-rate mortgage

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Most people like fixed-rate mortgages because they know how much the monthly payment will be since it does not fluctuate with the mortgage market. However, the question then becomes a matter of securing a 15-year mortgage or a 30-year mortgage.

While there is no cut-and-dry answer, here is an article that will help you decide:

15 year fixed-rate mortgage vs. 30 year fixed-rate mortgage

Something to say?

You must be logged in to post a comment.