Monthly payments are higher with a 15 year , fixed rate mortgage. What are two advantages of a 15 year fixed rate mortgage over a 30 year fixed rate mortgage?

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asked Mar 28, 2020 109k views

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Preahkumpii · Answer 1 · 2020-04-02T12:15:10+0000

One advantage of a 15 year mortgage is that a home owner pays less total interest. A second advantage is that home owners can pay the home off faster to own it out right.

Monthly payments are higher with a 15 year , fixed rate mortgage. What are two advantages of a 15 year fixed rate mortgage over a 30 year fixed rate mortgage?

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