Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site alice.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!allegra!alice!ark
From: ark@alice.UucP (Andrew Koenig)
Newsgroups: net.invest
Subject: Re: 15 versus 30 Year Mortgages
Message-ID: <5092@alice.uUCp>
Date: Sat, 8-Mar-86 18:54:44 EST
Article-I.D.: alice.5092
Posted: Sat Mar  8 18:54:44 1986
Date-Received: Sun, 9-Mar-86 07:59:18 EST
References: <103@lambda.UUCP>
Organization: Bell Labs, Murray Hill
Lines: 7

If the interest rate is the same for a 15-year and 30-year term,
take the 30.  No contest, because you can always pay off the
30-year loan in 15 if you want to, so the longer term gives you
more flexibility with no disadvantages.

If the rates are different, you have to decide what the
longer term is worth to you.