Gay realtors advice on choosing a 15 or 30 year mortgage?
When purchasing a new home, many buyers ask our gay realtors if they should take out a 15 or 30 year mortgage. If the 15 year is affordable, it’s always a better choice, and there are many good reasons why. Generally speaking, 15-year mortgages charge less interest. For example, one popular mortgage lender offers a 30-year mortgage at 4.6 percent, whereas the interest on a 15-year loan is only 3.6 percent. For a 30-year, $200,000 at mortgage at 4.6 percent, the amount paid is $369,000. A 15-year mortgage for $200,000 […]