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15 year mortgages

I was listening to Clark Howard on KVEC 920 today and he talked about getting a 15 year mortgage (at a good rate) instead of putting extra money into trying to reduce the principal of a 30 year loan. Interesting stuff….

He also recommended using a mortgage calculator that prints out the amortization schedule when you’re shopping around for loans. He mentioned a couple sites and one of them is the place where I purchased the mortgage calculators that I’ve put on SloCountyHomes.com.

I looked at a bunch of mortgage calculators and thought these were the best out there:

http://www.slocountyhomes.com/calc_index.html

There’s even a Refinance Breakeven calculator to see if it makes sense for you to refi at the current rates.

Written by Keith Byrd - Go to Keith's Website/Profile