Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho March 15, 2024

15-Year vs. 30-Year Loans Compared

Choosing the right mortgage term is a critical decision when purchasing a home. The two most common options are 15-year and 30-year mortgage terms. Let's compare the advantages and disadvantages of each to help you make an informed decision: 15-Year Mortgage Advantages: Interest Savings: The most significant advantage of a 15-year mortgage is the amount of interest you can save over the life of the loan. With a shorter term, you pay less interest because the loan is repaid more quickly. Faster … [Read more...]

Filed Under: Real Estate Tagged With: 15-Year, Loan Options, Mortgage

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