For first-time apartment buyers, a 30-year fixed rate mortgage is often the best loan option. The lengthier term means lower monthly payments, leaving new homeowners with more room in their budgets for other expenses.
However taking out a 30-year loan requires you to pay more in the long run due to the accumulation of interest, while a 15-year mortgage means paying significantly less overall.
So how can you decide which is right for you?
We have a loan officer expert here to discuss.
Also most people buy and sell a home just a few times during their lives, so even if you consider y
|