Contact Information

Joe Bergquist
Assist-2-Sell
1740 Spring St. Suite C
Paso Robles, CA, 93446
Office: (805) 239-0000
Cell: (805) 423-2910
Fax: (805) 239-1546
joebergquist@hotmail.com
http://www.paso-robles-ca-real-estate.com
Lic. #: 01354737
40-year mortgages | Print |

Are 40-year mortgages a good idea?

Smaller monthly payments are the primary advantage of adding 10 years to the traditional 30-year mortgage, but real estate experts say the shorter-term loan usually is more beneficial for the home buyer. The drawback becomes apparent simply by calculating the cost of additional interest payments, which can total thousands for a few dollars difference in mortgage payments.



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Last Updated ( Tuesday, 29 July 2008 )
 
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