The shorter the term, the less you will pay in interest over the life of the loan. If you plan on staying in your home, building wealth, and retiring early a shorter home loan term may be right for you. Shorter terms typically mean a slightly higher payment. If you’re not certain you will be in your home forever, or don’t want to be tied up in a larger mortgage payment, a 30 year fixed loan may be right for you.
Popular Questions
Internet Teller
