Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

13
Posts
5
Votes
Bernie Burke
  • Crystal Lake, IL
5
Votes |
13
Posts

15 year vs 30 year mortgage

Bernie Burke
  • Crystal Lake, IL
Posted

Hello, newbie here.

I was hoping to gather some opinions on my situation. My wife and I are considering buying a condo that we will occupy for a few years and then possibly rent it out or sell it. We can afford the 15yr mortgage payment to save on the interest charges but it's not clear to us if that makes sense to throw the extra money out of our pockets at the loan because in a few (maybe 2) years we would have a tenant making the payments. Would it make more sense to go 30 years and have the lower payments now? 

Loading replies...