Tag Archives: Mortgage Term

Choosing a Mortgage Term That Fits

Mortgage

Like many decisions in life, there’s no one-size-fits-all approach to choosing a mortgage term. Although a 30-year fixed-rate mortgage is the industry standard, it’s possible to get a loan of virtually any length these days, from a 5-year to a 40-year fixed-rate, or even one of customizable length. Whichever you elect, understand that each option affects your financial picture differently in regard to cash flow, investment potential, tax benefits and ...

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