14/09/2009

Why a 30-year mortgage is attractive?

Most of us plump for 30- year mortgages over a 15-year mortgage even though we know we will pay 2 times the interest.

 

We do that principally because the 30- year mortgage makes our 'dream home' attainable at a lower monthly repayment rate.

 

However, is it fiscally prudent is another subject all together?