15-Year vs. 30-Year Mortgage? How to Decide » Mortgage Masters Group

He began his career in the real estate/mortgage industry in 1990. As the President of Mortgage Market, Steve is committed to employing the most professional and experienced mortgage originators in the area, and to offering the most cutting edge loan products. It pays to shop around for mortgage rates in New Port Richey, FL.

It might be better to choose the lower-payment 30-year mortgage term and put any extra cash you have towards these other debts rather than getting a 15-year mortgage term. It’s always a good idea to compare the numbers side-by-side to see which scenario you’d save more money in.

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 · mortgage.bankrate.com – Get your free home loan Quote. 10 Year Fixed rate mortgage calculator.. Current 10-Year Mortgage Rates on a $200,000 Home Loan.. When people choose to refinance a 30-year loan into a shorter loan they typically choose a 15-year loan, though 10-year & 20-year options are also available.

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15-Year Mortgage Pros: 15-Year Mortgage Cons: Pay Off Mortgage Faster If you aren’t planning on staying in your home for long, this is a great option so you can focus on other things like saving for retirement. Higher Monthly Payments You will likely have higher payments going with this option vs a 30-year loan. Save Money On Interest

While a 30 year mortgage is considered the gold standard in this country, many homebuyers are finding that a 15 year mortgage is more advantageous for their needs. Read on to learn the differences between a 15 year and 30 year mortgage to help you decide which one is right for you.

A 30-year mortgage allows you to pay less per month than you would with a 15-year mortgage. Many buyers choose 30-year fixed-rate mortgage over 15-year. Both mortgages have its pros and cons. Drew Mortgage Associates #1 mortgage companies in MA explains here which mortgage to choose.

Demand for HELOCs Collapses to 15-Year Low Thankful Home Refinance Customer in Milford, PA – Royal United Mortgage LLC