Choosing a mortgage term affects your monthly budget, long-term goals, and total Real Estate investment cost.
A 30-year mortgage offers lower payments and more budget flexibility, ideal for many first-time buyers.
Shorter terms save interest but raise monthly costs, requiring stronger cash flow and financial planning.
Consider life goals, debt levels, and retirement timeline when selecting the right mortgage term.
Pick a mortgage that balances comfort today with your future Real Estate and wealth-building goals.