Quote:
Originally Posted by disneysteve
We bought our one and only home less than 2 years after getting married. That was 14 years ago this month. We have no intention of moving probably until we retire.
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IMO, many people move several times in their lifetime and usually have 30 notes. They never really build equity, other than appreciation. Also IMO, those who buy on 30 notes over their lifetime will eventually spend more money and end up with less house than those who buy on 15 year notes. The numbers speak for themselves. Generally, 15 year notes mean half the payments at a quarter more payment.
It boils down to what floats ones boat. I'll stick with the system that works for me. On an amoritization table, I win every time.