Did you know it takes 19 years and 4 months to pay your principle down by half on a 30 year amortization?
If you can handle the payment on a shorter term it will save you a ton of money in the long run.
To give you an idea: A 20 year mortgage payment is roughly 25% higher than a 30 year payment. …and, a 15 year payment is about 50% higher than a 30 year payment.
If you would like to see numbers on a lower term for your specific situation please get it touch with me and I’ll be happy to get that done for you!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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