Why 15-Year Loans Can Be Better Than 30-Year Loans

When you purchase a home and get a loan to buy it, you will have some decisions to make. One of the decisions involves the length of the loan. The most common length is 30 years, but a lot of people are now choosing 15-year loans. If you choose a 15-year loan, you will qualify for a lower rate, in most cases, compared to a 30-year loan, and here are some of the main reasons people choose 15-year loans