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Reply to "Buying past "prime" home buying years"
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[quote=Anonymous][quote=Anonymous]The safe choice would be to take the 30 year mortgage and pay extra each month as if it is a 15 year fixed. There will be months when you need the extra money for other purposes so you won't be tied to the higher monthly payment.[/quote] This. Use the money you make on your first house as a down payment on the second house. Then get a 30 year for the second house and make extra payments when you can to pay the loan down early. You will probably have some form of income from 401Ks, pensions, social security, savings during your retirement years. So keep that in mind too.[/quote]
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