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Old 10-28-2011, 07:32 AM
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Default Buying first house... Pay off mortgage ASAP with

a great downpayment or pay the 30 year mortgage.? I plan on purchasing my first home. I amOnly 27 and unsure of the advantages/disadvantages of paying off a mortgage ASAP or just paying a regular monthly 30year mortgage. Please help! Currently looking to purchase a $155,000 home and am able to put $100,000 down And was thinking on a 15 year mortgage . In my mind it is best to pay off early. Please advise! ThanksI have no other debt, car payments etc. i would do nothing else with the money, i have been saving for years for a house. I always wanted to give a big downpayment and pay off asap.
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