AgentMortgage

Borrowers grow more wealth with 15-year mortgage

Longer loan term doesn't necessarily mean less cost
Published on Jun 12, 2006

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by CareyBot

Q: I can afford the larger payment on a 15-year fixed-rate mortgage, but I plan to take a 30-year anyway, invest the difference in the cash flow, and end up ahead. Is there a flaw in this plan? A: Yes. ...

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