What Are The Advantages Of 15- And 30-Year Fixed-Rate Mortgages?


This video will explain some of the advantages of the two basic mortgages available in today’s market.

With A 30-Year Term: In the first 23 years of the loan more interest is paid off than principal meaning larger tax deductions. As inflation and costs of living increase mortgage payments become a smaller part of overall expenses.

With A 15-year Term: Loan is usually made at a lower interest rate. Equity is built faster because early payments pay more principal. And the loan is paid off earlier.

Compare payments, principal and interest totals to make a decision.

If you have questions, we can help!  Seaview Title Company, LLC.

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