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Reply to "15 vs 30 years mortgage"
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[quote=Anonymous]Can you swing the difference in payments? On 1 income? If yes, go for it. At somepoint it is not a pure financial decision around where can you get the best return. There is a cash flow perspective of what addedd stress will it put you under in the short term - and what will it mean not to have a payment in the long term. We went around and around with this a year ago - locked in a 15 YR just over 3% and are thrilled with our choice. We will own our home when our 2nd starts college. This cash flow will mean a lot b/c I do not expect that we will get aid (other than merit).[/quote]
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