15 Year vs 30 Year Mortgage | Which Is Better For You?

Описание: When comparing a 15 year vs 30 year mortgage it's important to understand all the factors in making this decision. Whether you can afford a home using either of these home loans, it is important to understand the difference between a 15- and 30 year mortgage. There are pros and cons to each.

15 Year Mortgage Pros
Lower interest rate (typically .25% to 1% lower than a 30 year)
Faster pay off period
Build equity faster

15 Year Mortgage Cons
Higher Monthly Payment

30 Year Mortgage Pros
Lower Payment (buy more house than you can afford)
Able to invest the extra money per month

30 Year Mortgage Cons
Slower pay-off period
Slower equity build due to slow principal paydown

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My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

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