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Updated over 4 years ago on . Most recent reply

Craig J.'s profile image
Craig J.'s profile image
Craig J.
  • Investor
  • from Gallatin, TN
  • Member since Feb 5, 2020
  • Posts 59
  • Votes 62
  • Experience 5 Yrs
  • Investments 1
Connect

User Stats

59
Posts
62
Votes
Craig J.'s profile image
Craig J.'s profile image
Craig J.
  • Investor
  • from Gallatin, TN
  • Member since Feb 5, 2020
  • Posts 59
  • Votes 62
  • Experience 5 Yrs
  • Investments 1
Connect
Craig J.
  • Investor
  • Gallatin, TN
62
Votes |
59
Posts
Buying & Selling Real Estate

15 Yr vs 30 YR Mortgage

Craig J.
  • Investor
  • Gallatin, TN
Posted

I am getting into real estate a little late in life, as I am now 57 YO. I am looking at investing into multi-family homes. If I get these soon and mortgage to allow renters to defray mortgage and use 30 Yr mortgage, I would be 87 before they are paid off. Why would not I want to pay these off early and enjoy the increase in pay in my later years? Mortgage rates are low and both should be affordable.

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