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Pros and cons of choosing 30-year vs 15-year amortization schedules for Home Loans (S5 E13)
Manage episode 313280622 series 3264821
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Realtor John V. Pinto and Senior Loan Officer Abel Fregoso of Homebridge Lending discuss the real-world benefits and detriments of 30 year vs 15 year mortgages. What are the factors that determine the best decision for your situation? How do the interest rate, monthly payment, amount of interest paid over the life of the loan and the loan amount you qualify for, change between the two options? And is there a third option? You can see our Doodly version of this topic at: https://youtu.be/ZnIAhDZ6yag
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