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Reply to "15 year vs. 30 year mortgage"
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[quote=Anonymous]Thinking about refinancing our 600k loan from a 30 year fixed to a 15-year fixed mortgage with a nice low rate (3%). I think we can swing the extra monthly amount without a problem. I recognize that in 15 years we'll lose the mortgage deduction, but the rate seems great, and if we move before then we'll make more money on the house. What am I missing? Is this a huge mistake? [/quote]
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