maat, I have a question about the 15-year mortgage advice. If my wife and I had taken a 15-year loan when we were buying, we would have needed to buy a smaller, cheaper house or a house in a less desirable neighborhood in order to keep the payments the same as they would be on a 30-year loan on the house we bought. That would have meant that we would have wanted (I'd say "needed" but I know that isn't technically true) to move again once we could afford something better.
In the long run, aren't we better off having bought the "keeper" house with the 30-year instead of the "starter" house with the 15-year and avoiding the expense and hassle of moving again? We've been here 14 years and will have the loan paid off in less than the original 30 years, even though we refinanced a couple of times along the way.
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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