Time Flies

When deciding on your mortgage term length, it is important to consider these factors.

• How long do I plan on living in this house for?
• What benefits come to knowing exactly how much my mortgage payment will be for the next five years (assuming fixed rate)?
• How much of a cheaper rate will I get signing on for five year loan, compared to a two or three year mortgage term?
• What is the current trend on interest rates?
• What is the current trend on bond yields?
• What do I feel the most comfortable with?