Conclusions and Further Thoughts
In conclusion, the decision between a 25-year and a 30-year amortization mortgage depends on your individual financial situation and your long-term goals.
A shorter amortization period will save you money in interest and help you build equity in your home more quickly, but it will also come with higher monthly payments and less flexibility.
A longer amortization period will give you lower monthly payments and more flexibility, but it will also cost you more in interest and slow down your equity build-up.
Let Huber Mortgage help you make the best decision for you! Contact HERE.
PS – One of my hobbies is blogging about mortgages, debt and government policy. During the day I’m a MORTGAGE BROKER in Kelowna, BC!
Check out the Huber Mortgage Home Buyers Guide HERE