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Carolyn & Wayne Crowe
Maximum One Realty
3304 Mapleleaf Way
Powder Springs, Georgia, 30127
Office: 770-795-0303
Cell: 404-863-1719
Fax: 770-514-0080
cobbhomes@bellsouth.net
www.CobbHomesForSale.com
Lic. #: 203360
40-year mortgages | Print |

Are 40-year mortgages a good idea?

Smaller monthly payments are the primary advantage of adding 10 years to the traditional 30-year mortgage, but real estate experts say the shorter-term loan usually is more beneficial for the home buyer. The drawback becomes apparent simply by calculating the cost of additional interest payments, which can total thousands for a few dollars difference in mortgage payments.



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Last Updated ( Tuesday, 29 July 2008 )
 
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