Is a 10-year or 15-year mortgage better?

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Rowena Cummerata asked a question: Is a 10-year or 15-year mortgage better?
Asked By: Rowena Cummerata
Date created: Sat, Jan 30, 2021 9:23 PM
Date updated: Fri, Sep 30, 2022 2:44 PM

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Top best answers to the question «Is a 10-year or 15-year mortgage better»

If you aren't bothered by higher monthly payments, a 10-year mortgage might be a good option. While 30-year fixed-rate mortgages remain the most popular way to finance a home purchase, many homeowners opt for a 15-year loan when they refinance to shorten their loan term.

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