15 or 30 Year Mortgage- The TRUTH and The REAL Differences

Do you know the real differences between a 15 and a 30 year mortgage? Which one should someone choose if they are moving in 5 years anyway? Doesn't making extra payments just make a 30 year onto a 15 year mortgage? Let's crunch the 'nerdy numbers' and find out the truth and the real differences. This way you can have all the info you need to make the best, most informed decision and be working toward achieving your goals as quickly as possible.

Want to check out these scenarios for yourself? Or even customize the numbers to see how they would play out in your unique situation? Here is the mortgage calculator I use: http://www.bankrate.com/calculators/mortgages/mortgage-loan-payoff-calculator.aspx

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