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Posted on 10/12/17 at 1:44 pm to notsince98
If you are truly going to buy the exact same house, invest the extra, and live the same life then sure investing it is great.
The mistake most make is that they buy a bigger house with the 30 year that costs more money in insurance, taxes, utilities, wife needs, etc., and sink way more money into their house they don't need than a 15 year loan would afford them.
Also realize the average mortgage is 5 years, the chances of moving, refinance, buying up, etc. is very high.
The mistake most make is that they buy a bigger house with the 30 year that costs more money in insurance, taxes, utilities, wife needs, etc., and sink way more money into their house they don't need than a 15 year loan would afford them.
Also realize the average mortgage is 5 years, the chances of moving, refinance, buying up, etc. is very high.
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