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30 year mortgage

07-20-2005, 12:00 AM	#1
runnerr Recycles dryer sheets Join Date: Apr 2005 Posts: 116	Hello again, I am about to build a new home and was considering a 15 year mortgage but was advised to take the 30 year mortgage. The reason being is that with interest rates so low you have more options for the use of your money over the 30 years. If the market or what ever investment starts returning more than the mortgage rate then just make the payment but if not then put the extra money toward the principal and pay down the mortgage. Any comments? Thanks :

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