Come to Terms with Your Mortgage Term
Should you opt for a 15, 20, or 30-year mortgage term? What about mortgages with a preliminary adjustable-rate term? Should you change it when refinancing?
In this video, our CEO and founder, Scott Gordon, discusses how to make sure your mortgage term fits your needs. Some of the topics he covers:
- Lower interest rates make longer-term loans more attractive
- Shorter terms increase your monthly payments but save significant amounts of interest
- Refinancing can help shorten or lengthen your current/remaining term if you need to make a change