Posted on: 02nd Jun, 2009 04:31 pm
Does it make any difference. Amerisave has same closing costs for both.
We cannot say which will be better for you. You have to determine which loan better suits your situation. With very little details, there is no legitimate answer. I hope this helps...
Great post! Just wanted to let you know you have a new subscriber- me!
kris, i hope we hear from you again and that your views will be beneficial to all who visit.
and to gaardnr - i have to agree with jkennedy. what fits your budget is the way to go. the only thing that i can say that might influence you is that the 30-year term would allow you to make only the required payment if, in a given month, your funds were short.
and to gaardnr - i have to agree with jkennedy. what fits your budget is the way to go. the only thing that i can say that might influence you is that the 30-year term would allow you to make only the required payment if, in a given month, your funds were short.
gaardnr12
Welcome to the forum.
It will for sure make a difference in tersm of your monthly payment. With 15 years you will pay off loan quickely , but you will pay more very month.
With 30 years you are going to pay more in interest, but your monthly payemnt will be lower.
if you can afford to make higher payment every month, then go for 15 years. The soon you can get out of yoru debt, that will make your life easier.
good luck and feel free to ask
Welcome to the forum.
It will for sure make a difference in tersm of your monthly payment. With 15 years you will pay off loan quickely , but you will pay more very month.
With 30 years you are going to pay more in interest, but your monthly payemnt will be lower.
if you can afford to make higher payment every month, then go for 15 years. The soon you can get out of yoru debt, that will make your life easier.
good luck and feel free to ask