https://www.creditsesame.com/blog/mortgage/5-reasons-why-a-20-year-mortgage-is-a-great-option/
Read that article which brings up some great points. 20 year mortgage seems like the best option to me. Per the article, it’s only 22.3% more expensive then a 30 year mortgage per month and you immediately begin to build more equity. As the article puts it, you get 2/3 the benefit of a 15 year mortgage at a much reduced cost.
Any downside or hazards to the 20 year? It’s not very popular, is there a reason for that or just because it’s unconventional?
Submitted April 02, 2018 at 09:13PM by roger320 https://ift.tt/2Iq9mjj
