Is it better to:
Get a 15 year fixed mortgage.
OR
Get a 30 year fixed mortgage and invest the difference.
Wouldn't it make sense to get the 30 year mortgage and invest the difference?
If the 30 year mortgage rate is around 4.3% and I can expect an average of around 8% per year in the stock market in a 401k/Roth IRA.
Or is a 15 year the better way to go since the stock market fluctuates so much? Maybe I get 8% return over the first 5 years, then the stock market has a crash and goes down -40%?
Is 15 year or 30 year better financially?
I plan to stay in the house long time.
Read more: Better to get a 15 year fixed mortgage or a 30 fixed mortgage?
