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30 Year Mortgage: How to Pay Off Your 30 Year Mortgage in 15 Years Or Less!

August 16, 2011 | Author: Ken Melblock | Posted in Mortgage

For quite some time 30 year mortgage rates were an industry standard, but is it the right choice for you? A 30-year mortgage used to be the first choice for many borrowers due to the interest rate being set for the entire time, and payments being spread over a longer period. Let’s look at the main pros and cons of both a 30-year fixed and a 15-year fixed loan. (We are concentrating on fixed mortgages because we all see where the sub-prime lending got us!)

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