Considering 15 Year Loan? Lowest Interest Rates Saves

[jvolstad]

What happens when the Fed starts to raise interest rates from near 0% to 7% or 8%? Is that house still going to be worth the same?

[FrogPondTV]

@jvolstad good question. 15 year mortgages save you interest payments while building equity much faster. No debt is the Best debt. My advice is this is great time to buy a home you can afford without stretching, pay it off as quickly as possible, continue to add to your saving account for emergency funds and enjoy the pleasure of being part of a community.