15year: A 15 Year Loan May Not Be Such a Good Idea. - 08/07/12 11:06 AM
It interests me how many Realtors are suggesting new home buyers pick slightly lower interest rate home loans rather than those that those with 30-year amortization periods.
The rational is that the interest rate for 15-year loans is slightly less than that for those of longer periods.
And that the buyer will pay off his home up to twice as fast.
They claim the same is true for refinancing existing loans. 
Not only will the rate for the new loan be substantially lower than the old one, but it also gives the homeowners the opportunity to pick a loan that amortizes … (3 comments)

 
BILL CHERRY, Broker & Wealth Coach (Bill Cherry, Realtor)

BILL CHERRY

Broker & Wealth Coach

Dallas, TX

More about me…

Bill Cherry, Realtor

Address: 9936 Winalcke Circle, Dallas, Tx, 75238

Office: 214 503-8563

Mobile: 903 306-5595

This is the place where we discuss how to manage commissions from real estate sales so that you will accumulate wealth. Call me 972 677-7098 http://www.parkavenuewealthcoach.com


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