Should you get a 40-year mortgage? If you do, you're going to regret it (say some talking heads on YouTube).
The fact is, the 40-year mortgage is absolutely perfect for a segment of today's homebuyers (and refinancers), but it absolutely makes no sense for others. Before you decide upon a specific mortgage amortization on a home loan, take a look at this quick case study that compares a 15-year loan with a 30-year loan and a 40-year amortized loan. You'll be glad that you did!
How To Evaluate The 40 Year Mortgage
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