Here’s Why You Should Get a 15-Year Mortgage

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By Selena Maranjian

A 15-year mortgage can have you owning your home sooner and allow you to be mortgage-payment-free in retirement.

The biggest financial transaction that most of us ever enter into is a mortgage — we might be borrowing several hundred thousand dollars in order to secure a lovely roof over our heads. We often spend a lot of time hunting for the perfect home and a lot less time seeking the perfect mortgage. One mistake many make is automatically getting a 30-year fixed-rate loan when a 15-year mortgage might be better.

Why a 15-year mortgage?

What’s so good about 15-year mortgages? Well, lots of things.

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