Is a 30 year fixed rate mortgage loan right for you? What is the advantage of a 30 year fixed rate mortgage? 30 year fixed rate mortgages offer security even if you plan to sell or refinance your home after a few years. Watch this Expert Real Estate Tips segment and learn all the advantages of a 30 year fixed rate mortgage loan.
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Comments
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I agree – a 15-year …
I agree – a 15-year mortgage is much less expensive over the term of the loan. But if you don’t have the cash on hand to commit to a 15-year loan term, the 30-year is plenty cheap at the moment. Thanks for your comment. Ilyce
If you do the math, …
If you do the math, you will see that a 15 year mortgage is much better.