Cosmo Kramer
I love Beer🍻🍻 and Dogs 🦮🐕🦺
- Joined
- Nov 24, 2010
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Ugh...
I used to agree with this as I also financed a couple houses at 15 years and the difference in principle payments each month saved me lots of money. However, Today there is very little difference in the very low rates for 15 or 30 year fixed loans. You can do the 30 year fixed and add a small amount to your monthly payment and accomplish the same principle pay down as a 15 year loan does .. but at the same time if you have a personal financial event (like now), you can revert back to your lower 30 year monthly payment.It's nice to own your home. Ehen my company moved me to Dallas, I financed my home for 15 years and paid it off about 5 years ago. If anyone refinances, go for 15 years if you can. Best decision of my life.