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What is better a 15 or 30 year mortgage?

What is better a 15 year mortgage or a 30 year mortgage? Or if one is not better, what's the advantages or disadvantages of a 15 year mortgage or a 30 year mortgage?
Asked By Jesse | Phoenix, AZ | 320 views | Finance Legal Info | 11 months ago
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Jean Lewis

Keller Williams Pinnacle

(75)

A 15 year mortgage allows you to pay significantly less money over the life of the loan. The Interest rate is lower than the 30 year mortgage, your payment will be higher but more of your money will be going towards the principal, allowing you to get the loan paid off in half the time.

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