General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply

House hack 15 year mortgage?
Would you ever consider doing a 15-year mortgage on a house hack? What are the pro and cons you see?
Logically I am thinking 30-year mortgage as I intend to sell the property within 4 years, not enough time to see a difference in the interest payment (graduation of college) but am not against holding if rents keep sky rocketing to what can be a comfortable COC once I move out.
Just looking for outside feedback and ideas.
Most Popular Reply

I really wrestled with this when I was a brand new investor. The best advice I got was just get a 30 year loan - then you can pay it off at a 15 year rate, or if you choose to slow down, you can do that too. If you get a 15 year loan, your interest maybe somewhat lower, but cash flow will be difficult and you might regret it later.
Personally, I get the longest amortization period possible, and never regretted it.