The 15-Year Mortgage Option

The 15-year mortgage has been around for a while now. A new article in Time magazine examines the potential advantages of choosing a 15-year mortgage instead of the more traditional 30-year mortgage. Anyone who has had experience with mortgages probably knows about the advantages of the 15-year mortgage – the most obvious being that you pay your home off in half the time. What may not be quite as obvious is the savings you would enjoy in interest payments. The article points out that a 30-year mortgage for $500,000 atRead More