Posted on: 22-04-15 01:17:00
Hey guys! It's for my investment property, is it better to take a 15 yr or 30 yr fixed mortgage loan? I do not have any outstanding debts. My agent recommends 30 yr because the payment is low, but paying more interest for longer terms doesn't sound great. If anyone could shed some lights on this it wold be greatly appreciated...
Hi there! It completely depends. If you are ready to pay it off soon then 15 yr mortgage would be fine, but the interest rate would be high. If t for 30 yr you can slowly finish off your debt at a lower interest rate. 30 yr will be a good loan if you plan to stay in your home for a long time. If you want to pay it off fast then why not go for a 5 yr fixed rate mortgage links removed Advantage is a lower mortgage rate than that of 30 yr.
Quote:
Originally posted by LesterD1
Hi there! It completely depends. If you are ready to pay it off soon then 15 yr mortgage would be fine, but the interest rate would be high. If t for 30 yr you can slowly finish off your debt at a lower interest rate. 30 yr will be a good loan if you plan to stay in your home for a long time. If you want to pay it off fast then why not go for a 5 yr fixed rate mortgage links removed Advantage is a lower mortgage rate than that of 30 yr.
Can you Spam somewhere else ? Do you think you are going to post a question as one poster than answer the same question yourself, with another User Id with your spam links..lol.
Do you think we are stupid ? Go advertise uour crap somewhere else..lol.
