All Forum Posts by: Travis Blake
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Post: 15 year vs 30 year mortgage

Travis Blake
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Looking at buying my first multifamily, but I'm debating on either a 15 year mortgage vs 30 year. I feel like with today's interest rate it makes more sense to do 20% down and 15 year mortgage. I understand the mortgage will be higher and take away from the cash flow. But wouldn't it be better to pay a little bit more each month rather paying all the interest over 30 years just to cash flow a couple hundred dollars. I'd like to hear what people think about that.