15 Vs 30 Year Mortgage
First, I'm kind of new around here, is there a search bar I haven't found? I'm sure this question has been asked 100+ times..
We have one Short term rental property right now with a 30 year mortgage. Looking to buy another property in January or February for long term rental and thinking about a 15 year mortgage. The property we're looking at would still cash flow, only looking at a $55k mortgage after down payment estimated an extra $134 a month in mortgage payment to save $35k in interest. Seems like a no brainer, any arguments against doing a 15 year on a property that still cash flows?
Thank you for any responses.. Merry Christmas!
Dave