Guys I've done my research but I'm still feeling overwhelmed with the decision. Maybe some advice on my specific situation would help me decide. Basically, I am purchasing a $500k home and putting 20% down. I can afford either a 15 or 30 year payment. Obviously the rate is better on the 15 (2.379 vs 2.955 APR). The thing is that I don't really know how long I'll be in the house. I hope it's more than 5 years but I doubt it will be more than 10. Ideally, I would upgrade down the line and keep the house as a rental. Right now I'm leaning towards the 15 to lock in the low rate. Is there any advantage to the 30 other than a lower payment? With rates this low should I be getting a 30 and investing the extra every month. I should be able to max out my retirement accounts either way...
Submitted September 15, 2021 at 10:50PM by vikingrrrrr https://ift.tt/3EwWA0n
