Short term mortgage loans | |
The answer to, “Is a long- or short-term mortgage loan better?” depends on your circumstances, and it’s important to understand the key differences between the two. Given that you need to make payments toward a long-term mortgage over a prolonged period, it costs less per month when compared to a short-term mortgage. However, it also means that the overall cost of the mortgage will increase because you’ll need to pay interest charges over the long term too. While a short-term loan increases your monthly payments, you get to pay off the entire balance sooner. This means you end up paying less interest. | |
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Target State: New York Target City : Westbury Last Update : Sep 22, 2024 2:33 AM Number of Views: 45 | Item Owner : Shawn Jordan Contact Email: Contact Phone: (None) |
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