Often when we think about buying a home, we most instinctively think about a 30-year mortgage. Paying over 30 years makes our monthly payment a bit lower than choosing a 15-year mortgage and the principal and interest is pretty consistent.
But in recent years, after our Nation's experience with "The Great Recession" homeowners don't want to wait 30 years before their homes are paid off.
Interest rates are still low. Take advantage of a shorter mortgage to gain equity faster and pay off your home quicker. CONTINUE READING for more info-->
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