Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

of

30-Year Or 15-Year Mortgage: Which Should You Choose? Slide 1
Upcoming SlideShare
10 Basic Principles for Rehabbing the Right Way
Next
Download to read offline and view in fullscreen.

70 Likes

Share

Download to read offline

30-Year Or 15-Year Mortgage: Which Should You Choose?

Download to read offline

With the median household income, a 30-year mortgage allows homebuyers to purchase 46% more house, but a 15-year mortgage provides triple the paid equity in just 5 years. In general, a 15-year mortgage is a smart choice for households in housing markets where price increases have been modest, but a tougher call for households in hotter markets. If you prefer lower monthly payments, consider the 30-year option. 15-year mortgages are a great option for those wanting to build equity, regardless of how expensive or fast growing a market is.

Related Books

Free with a 30 day trial from Scribd

See all
  • ChaceFraser

    Jul. 15, 2020
  • victorjung_

    Jul. 2, 2020
  • MelissaCarroll27

    Apr. 21, 2020
  • MrsBFarley

    Feb. 7, 2020
  • LizMease

    Jun. 21, 2019
  • mzlobbins

    Apr. 15, 2019
  • JoannaPicardi

    Mar. 4, 2019
  • MickeyBerlianshik

    Feb. 4, 2019
  • rod-thomas

    Jan. 30, 2019
  • MichaelFourte

    Jan. 30, 2019
  • frankroessler

    Jan. 23, 2019
  • FrankXAcocella

    Jan. 17, 2019
  • JustinHearns

    Dec. 22, 2018
  • FrankJermusek1

    Dec. 13, 2018
  • Regency_Group

    Nov. 15, 2018
  • SimoneBedward

    Nov. 11, 2018
  • frankjermusek

    Oct. 23, 2018
  • SaraBryantRogers

    Oct. 17, 2018
  • adamgant

    Oct. 16, 2018
  • Alvin918

    Oct. 10, 2018

With the median household income, a 30-year mortgage allows homebuyers to purchase 46% more house, but a 15-year mortgage provides triple the paid equity in just 5 years. In general, a 15-year mortgage is a smart choice for households in housing markets where price increases have been modest, but a tougher call for households in hotter markets. If you prefer lower monthly payments, consider the 30-year option. 15-year mortgages are a great option for those wanting to build equity, regardless of how expensive or fast growing a market is.

Views

Total views

21,295

On Slideshare

0

From embeds

0

Number of embeds

1,859

Actions

Downloads

45

Shares

0

Comments

0

Likes

70

×