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31 October, 14:23

Monthly payments are higher with a 15 year, fixed rate mortgage. What are two advantages of a 15 year fixed rate mortgage over a 30 year fixed rate mortgage?

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  1. 31 October, 14:36
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    One advantage of a 15 year mortgage is that a home owner pays less total interest. A second advantage is that home owners can pay the home off faster to own it out right.
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