First time home buyer flipping a house 15 year vs. 30 year loan
Hello Bigger Pockets,
My husband and I are in the process of deciding between a 15 year vs. 30 year loan for a $48,000 house. Interest rates for 15 year are 3.0% and 3.75% for 30 year loan. We plan on fixing up the house and reselling within 5 years after I am done with graduate school.
The difference between mortgage payments is only $100/ month. In other forums it seems as though everyone is quick to suggest the 30 year loan, just wondering if anyone had any thoughts on our circumstance.
Thank you.