Should You Get A 15 or 30 Year Mortgage Loan?

Should You Get A 15 or 30 Year Mortgage Loan?. Mortgages- 30yr vs 15yr - Episode #9

Should You Get A 15 or 30 Year Mortgage Loan? video duration 3 Minute(s) 47 Second(s), published by East Coast Mortgage Lending on 26 03 2014 - 17:08:28.

http://ecoastmortgage.com Rob Franek, President of Charlotte Mortgage Compnay East Coast Mortgage Lending answers the question of whether or not you Trying to decide which #mortgage term is right for you? Kathy Johnson is here to break down the pros and cons of each type
#HomeOwner #HouseHunting .

Dave Ramsey's latest article on the blog fails to consider the "Opportunity Cost" of the first 15 years where you have essentially $5000 extra in your pocket What is the benefit of a 15-year vs
a 30-year loan?. Rates are at a historic low
Let's discuss basic mortgages
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http://ecoastmortgage.com

Rob Franek, President of Charlotte Mortgage Compnay East Coast Mortgage Lending answers the question of whether or not you should you get a 15 year or a 30 year fixed loan? Here are a few facts you need to consider:
15 year loans have higher monthly payments, but you pay less interest.significantly less interest over the life of the loan
30 year loans have lower monthly payments, but you pay more interest monthly and over the life of the loan

Seems pretty straightforward, but you need to look at other important considerations, such as savings, risk tolerance, and discipline.

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