- Joined
- Jul 25, 2017
- Messages
- 13
Hello,
I just bought my first student rental property 6 months ago. I chose a 30 year mortgage because my payments were lower than with a 25 year mortgage. I've heard and read a lot of comments about how you should get a 25 year mortgage. I know I would pay less interest and more principal but saving money right away seems more attractive.
I would like to hear your thoughts. Which do you prefer and why?
I just bought my first student rental property 6 months ago. I chose a 30 year mortgage because my payments were lower than with a 25 year mortgage. I've heard and read a lot of comments about how you should get a 25 year mortgage. I know I would pay less interest and more principal but saving money right away seems more attractive.
I would like to hear your thoughts. Which do you prefer and why?