10/01/2024
We often talk about being a tool. This is absolutely true! When you are speaking with your about buying a home, be sure to cover the difference between a 15 year and a 30 year loan. If it is affordable for you, I highly suggest you buy your home using a 15 year or 10 year loan term.
Just take a look at the difference in money paid over the life of the loan when comparing 15 to 30 years for this $488,000 loan.
Taking a 15 year loan will save more than $350,000 over the term of the loan when compared to 30 years! That money would considerably boost your retirement account!! πππ
Your loan officer should be a part of your wealth building and financial planning journey!
Call Home Loans With Lance to learn more about building wealth through home ownership!