A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.

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asked Jul 20, 2019 115k views

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Morras · Answer 1 · 2019-07-24T08:02:01+0000

Suppose you have $100 in a savings account earning 2 percent interest a year. ... True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.

A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.

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