Rental Property Investor · Wichita Falls, TX · Member since 2020 · 8 posts · 0 votes
Can someone please articulate the reasons why people go for the 30 yr loan vs the 15 yr? I have interest so why are people more inclined to pay more of it with the 30 yr term?
Real Estate Agent · Surf City, NC · Member since 2017 · 648 posts · 597 votes
6y
With a 30 year loan, the monthly payments will be lower. It really depends on the buyers goals and how they want to use leverage. Not everyone wants to pay off their home loans entirely.