and if you can swing the 15 year mortgage, you'll thank me later!!!! Oh, and LOCATION LOCATION LOCATION!!!
LOL
I personally prefer a 30 year and pay it like a 15 year if possible.15yr vs 30yr is SOOOoooooo much better if you can swing it. I spent 14yrs in the mortgage business (left last year) for the @1/3 increase in payment cutting 1/2 of payments is very hard to beat.
I also bought my first property when I was 23 with no co-signer or help with my down payment other than being able to live at home while I was going to college. So I had to have my payment as low as possible, and also wanted to get a nice location and a super affordable payment.
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