Tag: 30-year mortgage
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Why People Who Could Pay With Cash Get Mortgages
If you happen to have half a million dollars, you could buy the typical U.S. home with cash. But would you? Do the current mortgage interest rates impact your decision? Let’s take a walkthrough, Q and A style.
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Is the 30-Year Mortgage Best?
Most home buyers go with a 30-year mortgage. There are other options — most notably the 15-year mortgage. The shorter mortgage typically comes with a lower interest rate. But it also means higher monthly payments. The monthly weight of a 30-year mortgage is easier to handle. This, in turn, makes homeownership an easier reach for…
