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The Oquist White Team
 
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Brad White
Coldwell Banker Ed Schlitt
1209 US Hwy 1
Sebastian, FL, 32958
Office: 772-388-6261
Cell: 772-766-2521
Fax: 888-641-9818
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40-year mortgages | Print |  E-mail

Are 40-year mortgages a good idea?

Smaller monthly payments are the primary advantage of adding 10 years to the traditional 30-year mortgage, but real estate experts say the shorter-term loan usually is more beneficial for the home buyer. The drawback becomes apparent simply by calculating the cost of additional interest payments, which can total thousands for a few dollars difference in mortgage payments.



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Last Updated ( Tuesday, 29 July 2008 )
 
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