WEIGHING THE PROS AND CONS OF SWITCHING TO A 15-YEAR MORTGAGE
That’s interesting, because I’ve been torn for a while about whether the peace of mind from a lower payment outweighs the long-term savings. Do you ever worry about sticking with a 30-year and just not getting around to making those extra payments? I sometimes wonder if I’d really have the discipline, or if life would just keep throwing stuff my way. Have you set up any system or reminders to help you stay on track with extra payments, or do you just wing it when you have extra cash?
I sometimes wonder if I’d really have the discipline, or if life would just keep throwing stuff my way.
Man, I totally get that. Life has a way of sneaking up with random expenses just when you think you’re ahead. I tried the “just pay extra when I can” thing for a while, but honestly, it didn’t always work out. Setting up automatic payments—even if it’s just a little extra each month—helped me stay on track. That way, I don’t have to rely on willpower alone. But yeah, there’s something comforting about the flexibility of a 30-year, especially when you’re juggling other priorities.
