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Politically Incorrect Opinions on Anything and Everything!!

Wednesday, September 20, 2017

Content Tagged "15 year mortgages are stupid"

15 Year Mortgages are Stupid!

There seems to be a never ending debate as to which mortgage term is better. Is a 30 year fixed rate mortgage better than a 15 year fixed rate mortgage? People have different reasons for stating why a 15 year mortgage is better than a 30 year mortgage but in my opinion 15 year mortgages are stupid and in this article I’ll explain why. For the most part the difference between the interest rates in a 15 year mortgage compared to a 30 year mortgage will be around .50% meaning that if the going rate on 30 year fixed rate…

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