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re: First Mortgage Question - 15yr vs 30yr vs. Investing "Extra Payments"
Posted on 10/11/17 at 6:02 pm to pwejr88
Posted on 10/11/17 at 6:02 pm to pwejr88
quote:
don’t lock yourself into high monthly payments.
I agree in principle, but there is nothing to say that a 15year mortgage payment has to be "high". Purchase conservatively and your 15yr payment won't be a burden.
1
Posted on 10/11/17 at 6:21 pm to dragginass
quote:
Purchase conservatively and your 15yr payment won't be a burden.
I agree with you, but is the 15 year the smart play?
Is it better to have all your money tied up in equity at year 15, or have half of the money in equity and the other half in a separate account that you have control over?
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