Originally Posted By: Brant
Not to add more questions to the mix, but can you get a 20 year mortgage, and if so, what cost does that add? Option number 1, but make payments like option number 2 whenever possible might be best depending on some of your answers to StinkingWater's questions above.


Yes you can and it shouldn't add a dime to the cost of the loan other than your typical closing fees. Not every bank will offer a product set with a 20yr am but there are some that do,.....most should.

In fact, your rate on a 20yr should be slightly less than a 30yr and slightly more than a 15yr.
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On a long enough timeline the survival rate for everyone drops to zero.