15 year vs 30 year mortgage
Hello, newbie here.
I was hoping to gather some opinions on my situation. My wife and I are considering buying a condo that we will occupy for a few years and then possibly rent it out or sell it. We can afford the 15yr mortgage payment to save on the interest charges but it's not clear to us if that makes sense to throw the extra money out of our pockets at the loan because in a few (maybe 2) years we would have a tenant making the payments. Would it make more sense to go 30 years and have the lower payments now?