How long should a sensible mortgage last before its conclusion?
Mortgages seem to go on forever with the end being somewhere in the distant future.
This really depends on the individual(s). For me, at the rates I was offered when I purchased my home, a 30-year fixed seemed like the best choice with the option available to pay down extra principal at will. In effect, it allowed me to finance at a more comfortable price in case of a downturn, loss of job, etc., but still be able to speed up the process when times are good.
With interest rates as they are now, I'd suggest getting into as short of a fixed-rate mortgage that you can. Pay off what you can while interest stays low, and hope that the eventual rise doesn't affect you by staying fixed.
by Brian Slater6 years ago
When a woman says, "it's too soon" how long should a man wait?
by ngureco5 years ago
For How Long Should A Man Live With A Woman Under The Same Roof Before marriage?The Girl Need Enough Time To Unmask That Mask The Man Is Wearing.
by TheHoleStory3 years ago
When you're taking a shower how long should you leave the soap on before you rinse it off?
by YvetteParker6 years ago
How long should you wait after divorcing before dating again?
by prettydarkhorse5 years ago
How long should an engagement lasts?In preparation for the big event - the wedding, how long should the couple wait before they finally tie the knot.
by alexandriaruthk5 years ago
How long should you know somebody before you marry them?or does amount of time matter at all?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.