Lets say you are looking to buy a house for 650,000 with 100,000 down (using a creative mortgage like 80/15/5). It seems the you come out way ahead if you go with a 15 year mortgage, making the commitment that you will live there for that long, vs. paying the front end of a 30 year mortgage a few times over a 15 year period.
I ran some calcs and it seems that I could save over a 1/2 a million dollars in 15 years if DW and I made this commitment. DW likes change and would rather move every 5 years. At the same time she wants to retire early like me.
Does anyone have any advice for me?
I ran some calcs and it seems that I could save over a 1/2 a million dollars in 15 years if DW and I made this commitment. DW likes change and would rather move every 5 years. At the same time she wants to retire early like me.
Does anyone have any advice for me?