Quote:
Originally Posted by maat55
Say you buy a house that you can afford on a 30 year note and pay on it for 30 years. Then say you buy a house that you can afford on a fifteen year note and pay it off, then sell and buy another house with the same payment for another 15 years, which house has the most value.
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I would think the 2nd house in that dual 15-yr situation because chances are that I would upgrade at that 15 year mark since I would have a huge down payment and probably make more.
If it's just one 15 year fixed vs. one 30 year fixed, the 15 year would have the most value at the end of the 30 years because I'm paying less overall on it but it's still worth a similar amount as the 30 year fixed.