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Hutchinson, KS News

Hutchinson News
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Contact Information

310 W. 27th. Street
Hutchinson, KS, 67502
Office: 800-339-8841
Cell: 800-339-8841
Fax: 800-339-8841
40-year mortgages PDF Print E-mail

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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