What Should Your Mortgage Length Be?

mortgage length

Everyone’s heard different things when it comes to paying off a mortgage; some claim it’s best to have a really long mortgage in order to increase your savings with lower monthly payments while others say that the freedom you get from paying off your mortgage as quickly as possible is what you should be striving for. So what is the truth about mortgage length?

While there is no set in stone rule for what your personal mortgage length should be, the overall school of thought seems to be that it’s better to pay it off faster.

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