We are still debating this in my house. We will have to come up on an answer soon since we are buying sometime in the next year. Our main issue is that we want to get as cheap a house as possible so that we have less sunk into our house. We love to travel and having a huge mortgage is not conducive to that. We also want to have money free to fix the home up. No matter how expensive or cheap the home, there are always repairs and upgrades to consider.
Right now, leaning towards a 30 year so that we can use the difference for repairs and still have a very cheap payment and then consider extra payments after we have maxed out retirement accounts and started a taxable account.
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