15 year fixed vs 30 year fixed

[Trevor Davis]

I have a property I could refinance and do a 15 year fixed and break even or cash flow about $100-$200. Ir I could do a 30 year fixed and cash flow about $600-$800 or more. And I was wondering what everyone’s views were on the pros and cons between the two. I understand the 15 year would pay its self off faster thus creating more equity quicker. But the 30 year would create more cash flow now and also have more interest being paid month to month than a 15 year, creating more tax write off benefit etc. So overall, if you were choosing between the two I’d just like to know what you would pick and why?

[Charles Carillo]

@Trevor Davis

If you do the 30 year and you don't like it, you can always pay a 30 year mortgage like a 15 year mortgage by over paying each month. Yes, your interest rate will be slightly higher.