In this blog, we explore the pros and cons of mortgage terms. Pick your winner, let the battle of the terms begin. Advantages of a 15-Year Fixed Mortgage: Lower interest rate: Typically, 15-year mortgages offer lower interest rates compared to 30-year...
As mortgage interest rates increase, the cost of borrowing increases. Interest rates (including mortgage interest) are dictated by several factors—specifically, how the economy and market are performing. So when the recession hits or the economy is under performing,...
