Can I afford a 30 yr mortgage vs 15 yr mortgage?

Can I afford a 30 yr mortgage vs 15 yr mortgage?

Answer #1

Depends on the terms of the two mortgages and your personal financial situation. You have to figure out themonthly paymenst on each and compare the terms. In the end, which one is better depends on what you need, what you can afford, and the specific terms being offered.

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