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Updated date: Tuesday, July 8, 2025 - 19:43

Whats better 15 or 30 year mortgage?

Because a 30-year mortgage has a longer term, your monthly payments will be lower and your interest rate on the loan will be higher. ... But because the interest rate on a 15-year mortgage is lower and you're paying off the principal faster, you'll pay a lot less in interest over the life of the loan.

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3	Is it difficult to get a home equity loan?
4	What happens when mortgage is paid off?
5	10 Questions to Ask Your Mortgage Broker or Lender
6	What is the cheapest way to borrow money?
7	Is a 7 year arm a good idea?
8	Do you need an appraisal for a home equity line of credit?
9	Can you borrow money for closing costs?
10	Can you withdraw money from a deceased person's account?
11	Can a person's name be on a deed without being on the mortgage?