retiree mortgage options
15-Year vs 30-Year Mortgage Rates: Retirees Can Skip $3K
Choosing a 15-year fixed-rate mortgage can help retirees avoid roughly $3,000 in interest each year compared with a 30-year loan at a similar rate. The shorter term also builds equity faster, giving older borrowers more flexibility for future financial moves. Financial Disclaimer: This article is for educational purposes only