Some recent Loans auctions on eBay:
Scandinavian Loan-Words in Middle-English, Part I NEW
 | US $32.74 End Date: Monday Feb-06-2012 21:30:34 PST Buy It Now for only: US $32.74 Buy it now | Add to watch list |
 | US $24.99 End Date: Monday Feb-06-2012 21:36:33 PST Buy It Now for only: US $24.99 Buy it now | Add to watch list |
Most popular Financing eBay auctions:
COMPARATIVE ANALYSIS OF THE FINANCING OF HIV/A - H. GAYLE MARTIN (PAPERBACK) NEW
 | US $29.86 End Date: Tuesday Feb-07-2012 3:16:17 PST Buy It Now for only: US $29.86 Buy it now | Add to watch list |
 | US $17.98 (0 Bid) End Date: Tuesday Feb-07-2012 3:26:42 PST Buy It Now for only: US $19.98 Bid now | Buy it now | Add to watch list |
 | US $17.54 End Date: Tuesday Feb-07-2012 3:40:59 PST Buy It Now for only: US $17.54 Buy it now | Add to watch list |
Compensation eBay auctions you should keep an eye on:
Nonqualified Deferred Compensation Answer Book, Esq., Barry K. Downey, III, Henr
 | US $13.99 End Date: Monday Feb-06-2012 22:24:02 PST Buy It Now for only: US $13.99 Buy it now | Add to watch list |
 | US $159.95 End Date: Tuesday Feb-07-2012 2:23:51 PST Buy It Now for only: US $159.95 Buy it now | Add to watch list |
 | US $45.00 End Date: Tuesday Feb-07-2012 2:37:21 PST Buy It Now for only: US $45.00 Buy it now | Add to watch list |
Some recent Diversity auctions on eBay:
CNN Looks at Contemporary Career Issues CNN Looks at Diversity Workplace NEW VHS
 | US $16.99 End Date: Monday Feb-06-2012 23:42:02 PST Buy It Now for only: US $16.99 Buy it now | Add to watch list |
 | US $80.80 End Date: Monday Feb-06-2012 23:45:21 PST Buy It Now for only: US $80.80 Buy it now | Add to watch list |
 | US $52.77 End Date: Tuesday Feb-07-2012 0:02:17 PST Buy It Now for only: US $52.77 Buy it now | Add to watch list |
Financial Planning eBay auctions you should keep an eye on:
Maru Goukaku Shikaku Dasshu FP Financial Planning Test Level 2 Protable Sony PSP
 | US $66.99 End Date: Tuesday Feb-07-2012 0:46:05 PST Buy It Now for only: US $66.99 Buy it now | Add to watch list |
 | US $4.39 End Date: Tuesday Feb-07-2012 2:55:16 PST Buy It Now for only: US $4.39 Buy it now | Add to watch list |
 | US $24.99 End Date: Tuesday Feb-07-2012 3:43:15 PST Buy It Now for only: US $24.99 Buy it now | Add to watch list |
Finance eBay auctions you should keep an eye on:
Vintage 1954 Sorry Box, Cards, Tokens, and Directions for Sorry and Finance
 | US $1.95 (0 Bid) End Date: Monday Feb-06-2012 20:56:08 PST Bid now | Add to watch list |
 | US $5.25 End Date: Monday Feb-06-2012 20:57:06 PST Buy It Now for only: US $5.25 Buy it now | Add to watch list |
Business Opportunities eBay auctions you should keep an eye on:
Information Technology in Business:Principles, Practices, and Opportunities Senn
 | US $8.99 End Date: Monday Feb-06-2012 22:40:42 PST Buy It Now for only: US $8.99 Buy it now | Add to watch list |
 | US $0.99 End Date: Tuesday Feb-07-2012 2:52:15 PST Buy It Now for only: US $0.99 Buy it now | Add to watch list |
Real Estate on eBay:
Tycoon 2 Pack Real Estate Tycoon & Big Biz Tycoon PC Computer NEW SEALED
 | US $11.28 End Date: Monday Feb-06-2012 21:00:13 PST Buy It Now for only: US $11.28 Buy it now | Add to watch list |
 | US $0.99 (0 Bid) End Date: Monday Feb-06-2012 21:00:23 PST Buy It Now for only: US $99.00 Bid now | Buy it now | Add to watch list |
Most popular Banking eBay auctions:
1988 Press Photo People Gaces Bags Hand Banking
 | US $14.88 End Date: Monday Feb-06-2012 21:07:51 PST Buy It Now for only: US $14.88 Buy it now | Add to watch list |
 | US $35.80 End Date: Monday Feb-06-2012 21:48:36 PST Buy It Now for only: US $35.80 Buy it now | Add to watch list |
 | US $1.49 End Date: Monday Feb-06-2012 22:05:24 PST Buy It Now for only: US $1.49 Buy it now | Add to watch list |
Why do most people get a 30 year mortgage?
I know that a 30 year mortgage makes the monthly payments less which is more affordable but you end up paying more in interest. I’m planning to buy a house but not until years from now. I just like to be aware so that I know what I’m working for. I want to save and know what to expect. What about paying more on the mortgage payment, in that case is it best to get a 10, 15, 25 year mortgage or 30 year? It’s confusing to me.
Best answer:
Answer by Richard M
Find yourself a mortgage calculator on line somewhere and check out the various options. It should tell you how much interest you will be paying over the amortization period. That will give you the best answer without bias.
Having figured this same thing out a few times, I will tell you that the best deal works at somewhere between 12 and 13 years. At that point your payments are not unreasonable and the interest is reasonably low.
Something else to remember when you buy a house is that if you make bi-weekly payments instead of monthly payments the payback is much quicker. Again, run that through the calculator; don’t just take my word for it.
Know better? Leave your own answer in the comments!
