Tag: <span>Interest Paid</span>

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MORTGAGE PLANNING: 30-YEAR FIXED V. 15-YEAR FIXED

The shorter the term of the loan, the less interest you pay, and the sooner you pay it off. So, why not apply for and obtain the shortest-term loan possible? This makes good sense if you are comfortable with the payment. Let’s take a look at the following 3 scenarios, a 30-year fixed, 15-year fixed,...