patrick.net

For those of you who would actually consider buying right now - any thoughts on which is better?

It seems like if inflation is going to be high, 30 yr might make more sense since the debt will become worth less.  But the idea of being done with the mortgage in 15 years is nice.  I know some of it is personal as far as being able to afford the higher payments of the 15 yr, but taking out those personal aspects, which is better?

Pros I see of 15 yr: lower rate, finished sooner meaning less in total payments

Cons: higher monthly payment, don't get to deduct as much mortgage interest from taxes

#housing