Advice Topics
- Buying (125)
- Selling (160)
- Renting (28)
- Market News & Trends (11)
- Finance & Legal Info (65)
- Tips & Advice (82)
- Working With an Agent (49)
- Marketing (3)
- Investing (12)
- Affordable Housing (8)
- Green Housing (2)
- Schools (1)
- Remodeling (27)
- International Real Estate (8)
- Terms & Definitions (23)
- Home Loans (7)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
What is better a 15 or 30 year mortgage?
What is better a 15 year mortgage or a 30 year mortgage? Or if one is not better, what's the advantages or disadvantages of a 15 year mortgage or a 30 year mortgage?
Asked By Jesse | Phoenix, AZ | 157 views | Finance Legal Info | 4 months ago
Answer(1)
Jean Lewis
Keller Williams Pinnacle
A 15 year mortgage allows you to pay significantly less money over the life of the loan. The Interest rate is lower than the 30 year mortgage, your payment will be higher but more of your money will be going towards the principal, allowing you to get the loan paid off in half the time.
- 4 months ago
Helpful (0)
Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
If I sell my home, will my boyfriend receive part of the sale?
I wanted some clarification before deciding to put my home on the market. My boyfriend and I purchased a home together several years ago. We split up so he signed a quitclaim deed but is obviously still on the loan. If I want to sell my home that I have been making payments on myself for the last 8 years. Does he need to sign anything and would he be entitled to any of the sale money?
- Asked by Eileen K.
- 776 views
- Finance & Legal Info
- 2 years ago
-
Can the new owner of the rental property I live in kick me out?
The rental property that I'm living in now was sold to a new owner. The new owner wants to kick me out, remodel the unit, and re-rent the unit for a higher price. Is that legal?
- Asked by Mario Z.
- Los Angeles, CA
- 613 views
- Finance & Legal Info
- 2 years ago