Amortization length my two cents.

[Marc Therriault]

It seems to be everyone I talk to doesn't have the same mentality as me on this one. And I feel so right about it. If the bank told me I could have a 100 year term I would. I don't pay biweekly I don't do short 15 year term, my thoughts are y the hell would I commit myself to a high mortgage payment that is suicide in hard times. Now that doesn't mean I don't do extra payment or put more money on my mortgages (I don't because I use that money to reinvest). But I could If I choose to. But I give myself the choice of how much I want to pay extra.. I think someone who is investing in real estate is crazy to volunteer for a short mortgage term. My bank allows me to do double payments monthly and an extra 20% of the original mortgage loan every year without a penalty.