Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "15 year vs. 30 year mortgage"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote]You could get a 30 year (with a slightly higher rate) and treat it as a 15-year and still have the safety net of lower required monthly payments.[/quote] How do you do this?[/quote] Just pay additional principal. We refinanced several times, and the first time or two we went with the 30 year but paid off add'l principal on the theory that we could use the add'l flexibility. Eventually we calculated how much the flexibility was costing us (the shorter loans usually have lower interest rates) and decided that our jobs were stable enough, and the alternatives for our money were lousy enough, that it wasn't worth it (for us it worked out to be about an extra year of mortgage payments).[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
