40-year mortgages

Are 40-year mortgages a good idea?

Smaller monthly payments are the primary advantage of adding 10 years to the traditional 30-year mortgage, but real estate experts say the shorter-term loan usually is more beneficial for the home buyer. The drawback becomes apparent simply by calculating the cost of additional interest payments, which can total thousands for a few dollars difference in mortgage payments.



Questions about Tucson East Arizona Real Estate?

Ask us below or Call us Now at 520.250.7437
*First Name
*Last Name
*Email
Phone
Question / Comments
Enter the code:
 Reload image
     
Last Updated ( Wednesday, 30 July 2008 )