Until recently there has been no debate. Homeowners looking to finance their home by a long-shot chose the 30-year mortgage. It was remarkably more affordable. Today, the 15 year fixed mortgage is beginning to challenge the 30-year as it gains in popularity. The thought now is to minimize long-term interest costs as much as possible. … Read more
It sounds great, doesn’t it? Being able to pay off your mortgage in a fraction of the time by refinancing to a shorter-term loan. In just 15 years, you could own your home outright, build equity faster, and free up thousands of dollars you would otherwise be paying in interest over the course of a … Read more
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