Buyer · Finances · Home Tips · Investing · Loans · mortgage · Real Estate · Real Estate Market

The 10-year Mortgage: Why a Shorter Amortization Period Can Be Your Best Option

From ‘down payment’ to ‘adjustable rate’ to ‘debt-to-income’ ratio, there are so many terms involved in the mortgage process that it can be hard to learn them all and keep them straight. However, whether you’ve heard it, the term ‘amortization period’ might be one of the most important ones associated with your financial well-being. If… Continue reading The 10-year Mortgage: Why a Shorter Amortization Period Can Be Your Best Option

Buyer · Equity · Finances · Home Tips · Investing · Loans · mortgage · Real Estate · Real Estate Market

Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

Buying a home is one of the largest investments you will make in your life, and that’s why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here’s why an extended loan term can end up costing you more and… Continue reading Understanding Mortgage Amortizations and Why Longer Periods Can Cost More