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Updated almost 6 years ago on . Most recent reply

Tyler Davidson's profile image
Tyler Davidson's profile image
Tyler Davidson
  • Member since Aug 4, 2019

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5
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Tyler Davidson's profile image
Tyler Davidson's profile image
Tyler Davidson
  • Member since Aug 4, 2019
Tyler Davidson
1
Votes |
5
Posts
Buying & Selling Real Estate

15 year loan or 30 year loan?

Tyler Davidson
Posted

I was looking at refinancing and am wondering what is the better choice. If I want to buy another home within a year would it be better to get a 30-year loan so my dti is lower or should I go with a 15 year and pay $100,000 of interest?

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Alex G.'s profile image
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Alex G.
  • from Eastern Mass & Central Maine
  • Member since Oct 30, 2009

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Alex G.'s profile image
Alex G.'s profile image
Alex G.
  • from Eastern Mass & Central Maine
  • Member since Oct 30, 2009
Alex G.
  • Eastern Mass & Central Maine
135
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252
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Alex G.
  • Eastern Mass & Central Maine
Replied

One can pay off a 30-year mortgage in 15 years but not vice versa.

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