WEIGHING THE PROS AND CONS OF SWITCHING TO A 15-YEAR MORTGAGE
I’ve seen this play out in real life more times than I can count. A couple years back, I worked with a family who switched to a 15-year mortgage—at first, they were nervous about the higher monthly payments, but it actually changed their whole approach to their renovation. Suddenly, they started making decisions faster, stopped second-guessing every tile sample, and just got things done. There’s something about having that “finish line” in sight that really does light a fire under people.
But I’ll be honest, I’ve also seen folks get squeezed by the tighter budget. If you’re the type who likes to tinker with the house over time or your income isn’t super predictable, the 30-year can give you breathing room. Still, for those who thrive with a little structure (and maybe need a nudge to finally ditch the shag carpet), the 15-year option can be a game-changer. It’s not for everyone, but it’s definitely worth considering if you want to see real progress in your space.
