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Andrew Szalontai
Remax Treeland Realty
Cell: 778.862.5542
Fax: 604.533.0202
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35-year mortgages PDF  | Print |  E-mail

Are 35-year mortgages a good idea?

Smaller monthly payments are the primary advantage of adding 10 years to the traditional 25-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, 06 January 2009 )
 
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