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Updated over 8 years ago on . Most recent reply

10 year fixed mortgage
Obviously the shorter the mortgage, the higher the monthly payment and therefore the more difficult it is to cashflow. I know a lot people prefer to opt for the 15 year fixed mortgage rather than the 30 year fixed because you pay it off in half the time. However, why does noone talk about the 10 year fixed? Is it possible to cash flow with a 10 year fixed? Would it be possible to at least have a tenant cover the expenses of a 10 year fixed? If so, it seems like a pretty good deal if you could at leastcover your expenses even if there were was no cash flow.