Tuesday, June 21, 2016

30-year #mortgage leaves #homebuyers poor?

30-year fixed #mortgages may not be the way to go if #homebuyers can afford a larger monthly payment. In fact, total interest over the life of the loan is over three times higher on a 30-year #mortgage than on a 15-year #mortgage, and that’s just for a median priced home. Is it time to reignite the debate on the role of the 30-year #mortgage in our industry? http://www.housingwire.com/articles/37329–year-mortgage-leaves-homebuyers-poor ❤️ #share #mortgage



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