Pros and Cons of a 15-Year Mortgage

NerdWallet has a piece today interviewing members of their Ask An Advisor network about the efficacy of a 15-year mortgage. They discuss advantages—paid off sooner, lower interest than a 30-year loan, and the total cost is generally less than a 30-year loan—and disadvantages—larger payments, and decreased cash flow, among others. Read more, here.

 

Pros_Cons

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