Do we really need 30 years homes loans

Real Estate Agent with

Do we really need to make payment for 30 years to have your dream home .  I am 49 now and have made some stupid finance mistakes over the years.

 The last two years I have turn on the Clark Howard Show.  I wish I had lesson to him years ago.  Both his show and Dave Ramsey show teach 20 years loans only.

Just think how many more Americans would have there houses paid and enjoying life more.  Maybe Freddie and Mac need to read my blog ?  Would this help the housing Problem ? 

Comments (3)

Ted Tyndall
Davidson Realty Inc. - Saint Augustine, FL
I will help You find the Home YOU want to Buy

Tim, we would all be better with a 15 or 20 year mortgage.

Jul 18, 2010 03:43 PM
Amanda Nicodemus
Spring Texas Keller Williams Professionals - Cypresswood - Spring, TX
Spring Texas Real Estate

I agree, 30 years is a long time to pay off your mortgage.  I love to watch "Clark Howard", he has great no nonsense advise! The amount of money you save on a 20 year mortgage is astounding!

Jul 18, 2010 03:44 PM
Scott Hayes
(512) 786-8300 - Austin, TX
Realty Austin, Broker Associate

I can't think of any better endorsement than saying Dave Ramsey and Clark Howard. If I can do the things they suggest financially, I will be in great shape.

Jul 18, 2010 04:04 PM