What's So Special About the 30-Year Mortgage?
This brings us to the 30-year, fixed-rate mortgage. This loan amortizes principal very slowly. It is popular because it maximizes the benefits of the mortgage interest tax deduction and keeps the homeowner's monthly payment low. But it also means that ...
Why a 30-year mortgage beats a 15-year
(Post continues below.) Assuming a $200,000 loan, the impacts of those higher interest payments over time at today's rates can be seen in the following chart: Obviously, folks with a 30-year mortgage are going to pay more interest, whether or not they ...
30-year mortgage. One last payment. What'll prove I'm debt-free?
and now only have three sources of debt, my mortgage, my wife’s student loan, and a no-interest loan from my parents. They sold me a Toyota Highlander for $9,000 and asked for a monthly payment of ... to me to pay a 30-year mortgage off in 13 years.
Say What? In 30-Year Race, Bonds Beat Stocks
The bond market posted its first 30-year gain over the stock market in more than a century during ... “As a portfolio manager who has been in the business 30 years, it’s hard to come to terms where interest rates are, but you have to come to terms ...
ARM, 15-Year, or 30-Year: What’s the Right Mortgage For You?
Today most risky loans are no longer available, which leaves the typical borrower with two simple choices: Fixed-rate or adjustable rate; and fifteen or 30-year term? The interest rate for an adjustable rate mortgage (ARM ... payments on a 15-year loan ...