Which One to Choose – 15 Year vs. 30 Year Mortgage?


A conventional 30-year mortgage loan is the most popular loan program in the U.S. People choose a 30-year mortgage loan for low mortgage payments. This becomes convenient for people to pay back their mortgage loan without straining their finances. On the other hand, a 15-year mortgage loan will help you pay back your mortgage loan faster. A shorter loan term means paying back a loan in a short period of time. When you opt for a 15-year mortgage loan, you make larger mortgage payments and you pay back your loan faster than a 30-year mortgage loan. This blog provides valuable insight on Which Mortgage Loan to Choose – a 15-year Mortgage Loan or a 30-year Mortgage Loan.

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