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Mortgage Basics
Why your loan term matters more than you think
When you're shopping for a mortgage, the interest rate gets all the attention. But the length of your loan—whether it's 15 years, 20 years, 30 years, or something in between—shapes your entire financial picture. A longer term means a lower monthly payment, which matters when you're stretching your budget. A shorter term builds equity faster and costs less in total interest over time. There's no one-size-fits-all answer; it depends on your income, goals, and how long you plan to stay in your home. I'd encourage you to think through what matters most to you right now, and then let's talk through which option actually fits your life. If you'd like to explore how different loan terms would work for your situation, reach out anytime.
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